COP27 considers 'loss and damage' fund, but has yet to commit - draft text

FILE PHOTO: People pass in front of a wall lit with the sign of COP27, as the COP27 climate summit takes place, at the Green Zone in Sharm el-Sheikh, Egypt November 10, 2022. REUTERS/Mohamed Abd El Ghany

The United Nations on Monday published a draft text setting out what the COP27 climate summit could agree on "loss and damage" financing for countries ravaged by climate impacts.

The negotiating text will be debated and reworked by diplomats and ministers from nearly 200 countries before its hoped-for adoption at the end of the summit, negotiatiors said.