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Reuters
Reuters
Environment
By Aidan Lewis

'Loss and damage' climate fund should be in place this year -Egyptian negotiator

FILE PHOTO: Displaced people stand on flooded highway, following rains and floods during the monsoon season in Sehwan, Pakistan, September 16, 2022. REUTERS/Akhtar Soomro

A fund to deliver financing to places affected by climate-fuelled disasters should be created by the annual U.N. climate summit that opens at the end of November, the lead host negotiator at last year's summit said on Thursday.

Agreement to establish a "loss and damage" fund was secured at COP27 in Egypt last November, but the deal did not spell out who would pay into the fund or how money would be disbursed.

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