"COP27 Considers 'Loss And Damage' Fund, But Has Yet To Commit - Draft Text"

"SHARM EL-SHEIKH - The United Nations on Monday published a draft text setting out what the COP27 climate summit could agree on "loss and damage" financing for countries ravaged by climate impacts.

The negotiating text will be debated and reworked by diplomats and ministers from nearly 200 countries before its hoped-for adoption at the end of the summit, negotiatiors said.

For some countries, progress on loss and damage funding will be their measure of whether the talks in Egypt succeed."

William James and Kate Abnett report for Reuters November 14, 2022.