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The Guardian - UK
The Guardian - UK
Environment
Fiona Harvey, Adam Morton and Patrick Greenfield in Sharm el-Sheikh

Cop27: EU agrees to loss and damage fund to help poor countries amid climate disasters

Fridays for Future protest calling for money for climate action at Cop27.
Fridays for Future protest calling for money for climate action at Cop27. Photograph: Peter de Jong/AP

A breakthrough looked possible in the deadlocked global climate talks on Friday as the European Union made a dramatic intervention to agree to key developing world demands on financial help for poor countries.

In the early hours of Friday at the Cop27 UN climate summit in Egypt, the European Commission vice-president, Frans Timmermans, launched a proposal on behalf of the EU that would see it agree to establishing a loss and damage fund.

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