Climate Deal: Calamity Cash, But No new Emissions Cuts

November 20, 2022 8:10 am

SHARM EL-SHEIKH, Egypt (AP) — Negotiators have approved a historic deal to create a fund for compensating poor nations that are victims of extreme weather worsened by rich countries’ carbon pollution. However, there was little progress in addressing the root cause of climate change, the burning of fossil fuels. The decision establishes a fund for what negotiators call loss and damage. It is a big win for poorer nations which have long called for cash _ sometimes viewed as reparations _ because they are often the victims of climate disasters despite having contributed little to the pollution that heats up the globe. Next year’s talks, in the United Arab Emirates, will see further negotiations to work out details of the new fund.