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Reuters
Reuters
Environment
By Kate Abnett and Virginia Furness

Germany, Belgium pledge funds to tackle climate 'loss and damage'

FILE PHOTO: Flooded buildings are seen as waters begin to recede in the aftermath of Cyclone Idai, in Buzi near Beira, Mozambique, March 24, 2019. REUTERS/Mike Hutchings/File Photo

Germany and Belgium on Monday joined a small number of wealthy countries to commit funding to help developing nations facing damage and losses caused by climate change, committing 170 million euros and 2.5 million euros respectively.

While relatively small in size, the funds were symbolically significant in being announced as over 100 leaders gather in Egypt for the U.N.'s COP27 climate summit - where the urgent need for funding to support developing countries facing climate change-fuelled disasters is set to dominate the talks.

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