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The Latest Breaking News on The corporate world is falling short in the fight against climate change

COP27 approves deal for historic climate damage fund

The COP27 climate talks in Egypt, which came close to collapse in the closing stretches, ended with a deal to create a fund to pay poorer countries for the harm caused by climate change.

Tribune News Service

Key takeaways from the COP27 climate summit in Egypt

This year's U.N. climate summit featured visits by world leaders, proposals by business leaders, and negotiations by nearly 200 nations about the future of global action on climate change.

Reuters

Explainer-Who will pay for climate 'loss and damage'?

The COP27 summit of nearly 200 countries agreed on Sunday to set up a "loss and damage" fund to support poorer countries being ravaged by climate impacts, overcoming decades of resistance from wealthy nations whose historic emissions have fuelled climate change.

Reuters

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Ireland's COP27 team praised for role in 'historic' loss and damage fund for developing countries

Eamon Ryan says while compromises were made, the loss and damage breakthrough means 'millions of people whose land, water sources and livelihoods are being eroded every day because climate change can look forward to strengthened support and protection'

Irish Mirror

The Guardian view on Cop27’s outcome: a real achievement, but too far to go

Editorial: The creation of a loss and damage fund is a milestone, but a 1.5C limit to the global temperature rise looks even further out of reach

The Guardian - UK

A deal on loss and damage, but a blow to 1.5C – what will be Cop27’s legacy?

Anger at western hypocrisy heated to boiling point in Sharm el-Sheikh, but after intense talks the impasse was finally broken

The Guardian - UK

COP 27 ends with historic win and abysmal fail

Rod Oram analyses the final, teeth-pulling outcome of the global climate summit in Egypt - a step forward but wide steps sideways as well

Newsroom.co.nz

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COP27: Experts welcome historic move on loss and damage fund but rue weak outcome of climate talks on fossil fuel emission

NEW DELHI: Experts, observers of the UN processes and civil society groups found themselves on the same page while welcoming the landmark agreement on setting up a new fund for loss and damage to support victims of climate crisis but many of them even pointed out how failure to agree…

The Times of India

‘We couldn’t fail them’: how Pakistan’s floods spurred fight at Cop for loss and damage fund

With the deadly devastation fresh in the world’s mind, Pakistan pushed for damage funds with other frontline countries

The Guardian - UK

COP27 and the fraught reality of climate change negotiations

Delegates from almost 200 countries have been meeting in Egypt for COP27 - how do we measure their success or otherwise?

Newsroom.co.nz

Rishi Sunak: More must be done to tackle climate change despite COP27 deal

Alok Sharma has warned that hopes of limiting global warming to 1.5C are ‘on life support’

Evening Standard

The big takeaway from Cop27? These climate conferences just aren’t working

We need something smaller, leaner and fully focused on the crisis at hand, says Bill McGuire, Prof Emeritus of Geophysical & Climate Hazards at UCL

The Guardian - UK

The 1.5C climate goal died at Cop27 – but hope must not

Every fraction of a degree increases human suffering, so the fight to end the fossil fuel industry must ramp up

The Guardian - UK

Pakistan welcomes 'loss and damage' deal inked at UN summit

A breakthrough funding deal at the COP27 conference to help poor countries ravaged by climate change was welcomed by Pakistan, a nation devastated this year by record-breaking monsoon rains

The Independent UK

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The Conversation

COP27: one big breakthrough but ultimately an inadequate response to the climate crisis

For 30 years, developing nations have fought to establish an international fund to pay for the “loss and damage” they suffer as a result of climate change. As the COP27 climate summit in Egypt wrapped up over the weekend, they finally succeeded.

Asharq Al-Awsat

World Bank Officials: Cooperation in the Region Targets Development, Climate Protection

World Bank officials stressed that climate challenges in the Middle East included water scarcity, food shortage, and energy security, noting that the Saudi Green Initiative was an example to follow in order to address these threats. Asharq Al-Awsat interviewed Paul Noumba Um, the Regional Director of the World Bank’s Infrastructure…

The Guardian - UK

What are the key outcomes of Cop27 climate summit?

From loss and damage to 1.5C goal and World Bank reform, the takeaways from Sharm el-Sheikh

The Independent UK

AP News Digest 6:10 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EST. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

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Dynamite News

COP27 Ends With Historic Decision On Damage Fund, Little Progress On Other Issues

While the UN climate summit in Egypt concluded with a landmark decision to establish a fund to address loss and damage. Read on for details:

Radio France Internationale

Cop27 reaches landmark deal on climate damage fund, but little else

Countries adopted a hard-fought final agreement at the Cop27 climate summit early on Sunday that will set up a fund to help poor countries battered by climate disasters, but does not boost efforts to tackle the emissions causing them. France said it regretted the agreement's "lack of ambition".

Bangkok Post

COP27 summit strikes historic deal to fund climate damages

A fraught UN climate summit wrapped up Sunday with a landmark deal on funding to help vulnerable countries cope with devastating impacts of global warming -- but also anger over a failure to push further ambition on cutting emissions.

The Guardian - UK

‘We can do the impossible’: how key players reacted to end of Cop27 climate summit

World leaders, diplomats and activists respond to signing of ‘historic’ deal as climate talks wrap up

Evening Standard

COP27: Landmark ‘loss and damage’ fund for at risk states agreed

‘In the end we delivered. We listened to the calls of anguish and despair,’ Sameh Shoukry the Egyptian foreign minister and president of the summit said

The Independent UK

Success or COP-out: How do this year's climate talks rate?

After two weeks of U.N. climate talks, negotiators agreed to one big decision, to create a fund to help developing countries suffering the impacts of climate change

Asharq Al-Awsat

COP27 Summit Strikes Historic Deal to Fund Climate Damages

An often fraught UN climate summit wrapped up on Sunday with sweeping agreement on how to tackle global warming and a "historic" deal to create a special fund to cover the damages suffered by vulnerable nations. The two-week talks, which at times appeared to teeter on the brink of collapse,…

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