The U.N. climate agency published a first draft on Thursday of what could be the over-arching agreement from the COP27 climate summit.
" fund for financing for countries being ravaged by climate impacts would stymie agreement at the COP27 summit in Egypt.
It gives no timeline for deciding on whether a separate fund should be created or what it should look like, giving time for negotiators to continue to work on the contentious topic. Other unresolved issues include calls for boosting a global goal for finance to help developing countries adapt to the impacts of a warmer world, and plans for ratcheting up targets for cutting climate-warming emissions.
"I think the problem is that there’s a lot in here, and lots of it will be shot down by parties on all sides", said Tom Evans, a climate policy analyst at the E3G nonprofit think-tank.
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