Egypt summit decides to set up a fund for climate catastrophes, no other progress
After resisting it for years, the developed world finally caved in on the issue of loss and damage at the UN climate summit in Egypt, agreeing to the longstanding demand by vulnerable countries to establish a fund to pay for climate disasters that have been brought on by global warming.
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Last month, a total of 22 oil and gas exploration licences were awarded across six countries, with an estimated volume of discovered resources of 45.4 million barrels of oil and 10.4 billion cubic feet of gas.
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