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Rich countries agree to establish loss and damage fund at UN climate summit

In a breakthrough in global climate negotiations, wealthy nations have finally agreed to set up a fund to pay damages to vulnerable countries for loss and damage due to climate change, but little progress was made on other critical issues, including a faster phase-out of all fossil fuels.
IISD in the news November 20, 2022

COP27 ends with historic compensation fund; little progress on other issues

While the UN climate summit in Egypt concluded with a landmark decision to establish a fund to address loss and damage, the outcome on other crucial issues such as India's call for phasedown of all fossil fuels reflected little progress when compared to the deal struck a year ago in Scotland.
IISD in the news November 20, 2022

COP27 diary (November 16): '$100 billion in climate finance more of gesture from rich countries'

The 27th Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, Egypt, began November 7, 2022. Here’s a look at what happened on day 10 of COP27 climate talks. The draft text for a cover decision is yet to be produced by the COP27 Presidency as of 7.30 am November 17, leading many to wonder how long discussions will continue to arrive at a consensus on the document once released. Just two days of the summit remain.
IISD in the news November 17, 2022

Everything We Know About Next Year's COP28 in Dubai

With COP27 wrapping up, it’s already time to think about COP28. The effects of the climate crisis are here, and people around the globe are trying to navigate and adapt to these changes and adverse conditions. Learning how to handle these issues is complicated though, which is why it’s important for leaders from around the world to meet up and talk through some solutions. COP28 in Dubai will give us the perfect opportunity to keep working toward our climate goals.
IISD in the news November 17, 2022