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https://www.wsj.com/articles/at-cop27-poorer-countries-secure-climate-damage-fund-without-pledging-faster-emissions-cuts-11668947145
Wealthy countries preserve last year’s deal on cuts after big developing nations try to water it down
SHARM EL SHEIKH, Egypt— Poorer countries secured a deal at United Nations climate talks to create a fund for climate-related damage as part of a broader agreement that failed to yield faster cuts in emissions sought by wealthy nations to avert more severe global warming.
The accord at the COP27 summit in this Egyptian seaside resort hands a victory to poorer nations that have demanded that money since the first U.N. climate treaty was signed three decades ago.
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