UPDATED. The latest draft is not the final one, as it contains a placeholder on funding arrangements for 'loss and damage.' COP27
climate deal on Saturday, November 19, with some negotiators saying they were close to a breakthrough in contentious efforts to compensate poor nations already burdened by costly climate impacts.
The outcome of the two-week conference, which was meant to end on Friday, November 18, is seen as a test of global resolve to fight climate change, even as a war in Europe and rampant consumer inflation distract international attention. Kunal Satyarthi, a negotiator for India, said he thought the loss and damage deal would “certainly” pass, and thanked other countries for their flexibility.
“Now we need to redouble efforts behind an energy, transport and agriculture transition that will limit these climate losses and damages in the future,” said Persaud.
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