COP27: Historic ‘loss and damage’ deal reached at climate talks

by 24britishtvNov. 20, 2022, 6:50 p.m. 19
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Exhausted after two weeks of talks and 24 hours of last-ditch haggling, negotiators emerged as dawn broke in Sharm el Sheikh with a deal… of sorts. (Subscribe: https://bit.ly/C4_News_Subscribe) Developing nations hailed as historic, the establishment of a so-called "loss and damage" fund to compensate poorer countries hit by climate change. But who pays and how much is still up in the air - China is unhappy at suggestions it should join developed nations in footing the bill. And with gas now potentially classed a "low emission energy" and no fresh commitments to phase out fossil fuels, Britain's climate envoy warns the aim of limiting global warming to 1.5 degrees was on "life support". ----------------------- Follow us on Instagram - https://www.instagram.com/Channel4News

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