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Reuters
Reuters
Environment
By Kate Abnett

Explainer - COP27: What is 'Loss and Damage' funding, and who should pay?

A climate activist takes part in a protest, during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 19, 2022. REUTERS/Mohamed Abd El Ghany

The question of whether rich nations should offer funding to vulnerable states hit by climate-fuelled disaster has dominated negotiations among nearly 200 countries at this year's U.N. climate summit in Egypt.

The COP27 summit follows a year of such disasters, from floods that killed more than 1,700 people in Pakistan to drought withering crops in China, Africa and the U.S. West. That has intensified developing country demands for a dedicated "loss and damage" fund, which rich countries have for years resisted.

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