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Reuters
Reuters
Environment

COP27 draft deal published, no proposal yet on 'loss and damage' funding

Cop27 United Nations
A general view of the entrance to the Sharm El-Sheikh International Convention Centre grounds, during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 15, 2022. REUTERS/Mohamed Abd El Ghany

The United Nations climate agency on Friday published a draft negotiating text of the deal that delegates at the COP27 summit in Sharm el-Sheikh are hoping to agree in the coming days.

The text, which builds on earlier, less formal iterations, did not set out the proposed solution to one of the most contentious issues at the summit, the 'loss and damage' financial arrangements to provide funding to developing countries suffering catastrophic climate events.

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