'Significant' moves on climate disaster funds lift Cop27 hopes

Small but symbolic moves at summit where finance is critical include new loss and damage money and debt reliefCop27 live - latest news updatesA 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. Continue reading...