The GuardianThe Guardian

Cop27: EU agrees to loss and damage fund to help poor countries amid climate disasters

By Fiona Harvey, Adam Morton and Patrick Greenfield

18 Nov 2022 · 4 min read

The decision from the EU to concede to a central demand of the G77 countries now puts pressure on the US and China, which have both objected so far.

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A breakthrough looked possible in the deadlocked global climate talks on Friday as the European Union made a dramatic intervention to agree to key developing world demands on financial help for poor countries.

In the early hours of Friday at the Cop27 UN climate summit in Egypt, the European Commission vice-president, Frans Timmermans, launched a proposal on behalf of the EU that would see it agree to establishing a loss and damage fund.

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