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Countries strike historic deal on climate damage fund

Sharm El-Sheikh | Negotiators from nearly 200 countries agreed for the first time to establish a fund that would help poor, vulnerable countries cope with climate disasters made worse by the pollution spewed by wealthy nations that is heating the planet.

The decision regarding payments for climate damage marked a breakthrough on one of the most contentious issues at United Nations climate negotiations in Egypt.

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    Original URL: https://www.afr.com/policy/energy-and-climate/cop27-nears-breakthrough-on-climate-finance-20221120-p5bzo4