COP27: Conferene closes with deal on loss and damage: ‘A step towards justice’, says UN chief

Sharm el-Sheikh, Egypt (PANA) - After days of intense negotiations that stretched into early Sunday morning in Sharm el-Sheikh, Egypt, countries at the latest UN Climate Change Conference, COP27, reached agreement on an outcome that established a funding mechanism to compensate vulnerable nations for ‘loss and damage’ from climate-induced disasters