Business

UN Adopts Historic Pact on Payments for Climate Damages

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Delegates agreed to establish funding arrangements for loss and damage, as it is known, in the very first minutes of a meeting that convened after 4 a.m. in Sharm El-Sheikh. But they were still deliberating over other thorny issues, including how the world should navigate the transition away from fossil fuels and rein in greenhouse gas emissions driving climate change. 



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