Good morning. The Cop27 conference has produced a global fund for “loss and damage” – financial assistance to poor nations stricken by climate disaster. The hard-won agreement, finally gavelled through after a marathon 40-hour negotiation in extra time at the gathering in Egypt, has been hailed as a potential turning point that acknowledges the vast inequities of the climate crisis. But it’s not all good nows: the pact’s language on phasing out fossil fuels was described as “weak”.
And in Australia a packed legislative agenda awaits politicians returning to Canberra today for the final sitting period of 2022, with the government seeking to progress its election commitments before year’s end as the prime minister returns from a nine-day diplomatic blitz.
