COP27 summit ends with deal to help vulnerable countries

  • Date: 22-Nov-2022
  • Source: Arab Weekly
  • Sector:Oil & Gas
  • Country:Egypt
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COP27 summit ends with deal to help vulnerable countries

SHARM EL-SHEIKH, Egypt - 

Countries closed this year's UN climate summit on Sunday with a hard-fought deal to create a fund to help poor countries being battered by climate disasters, even as many lamented its lack of ambition in tackling the emissions causing them.

The deal was widely lauded as a triumph for responding to the devastating impact that global warming is already having on vulnerable countries. But many countries said they felt pressured to give up on tougher commitments for limiting global warming to 1.5 degrees Celsius in order for the landmark deal on the loss and damage fund to go through.