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The Guardian - UK
The Guardian - UK
Environment
Damian Carrington Environment editor

‘Significant’ moves on climate disaster funds lift Cop27 hopes

African activists demanding climate finance at Cop27 climate conference Sharm el-Sheikh, Egypt
African activists demanding climate finance at the Cop27 conference in Sharm el-Sheikh, Egypt. Photograph: Sean Gallup/Getty Images

A series of symbolic moves on climate finance at Cop27 suggests positive momentum could be starting to build on a pivotal issue at the UN summit in Egypt.

The UK said it would allow some debt payment deferrals for countries hit by climate disasters, while Austria and New Zealand put forward funding for loss and damage, which is the cost of rebuilding in poorer nations after unavoidable climate impacts.

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