A fund for climate-related loss and damage has been a key point of contention at the Cop27 talks
EU agrees to loss-and-damage fund
The bloc makes negotiating concession as it looks to tie loss-and-damage fund to mitigation
Global climate talks at Cop27 in Egypt entered their last day today with loss and damage an increasingly central part of the agenda. Loss and damage refers to the effects of extreme weather on poorer countries, and the finance needed to address these effects. Poorer countries have been insisting on a loss-and-damage fund throughout the talks—a move resisted by those wealthier nations that would provide the financing. These wealthier countries say a fund will take time to set up and that existing instruments would do the job better. But the EU last night made a significant concession, saying it would agree to a fund on two conditions—that it is targeted towards the most vulnerable nations and
Also in this section
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
