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Reuters
Reuters
Environment
By Kate Abnett

COP27: Austria commits $50 million for climate 'loss and damage'

FILE PHOTO: Austrian Energy Minister Leonore Gewessler attends a news conference in Vienna, Austria, August 31, 2022. REUTERS/Leonhard Foeger/File Photo/File Photo

Austria will provide 50 million euros (dollars) to developing countries facing unavoidable damage and losses caused by climate change as it joins a small group of European nations to offer such funds, the country’s climate ministry told Reuters.

Compensation linked to extreme weather and global warming has leapt up the political agenda at the U.N. climate conference taking place in Sharm el-Sheikh, Egypt.

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