"A crucial meeting on climate "loss and damages" ahead of COP28 ended in failure Saturday, with countries from the global north and south unable to reach an agreement, according to sources involved in the talks.
The agreement to set up a dedicated fund to help vulnerable countries cope with climate "loss and damage" was a flagship achievement of last year's COP27 talks in Egypt.
But countries left the details to be worked out later.
A series of talks held this year have tried to tease out consensus on fundamentals like the structure, beneficiaries and contributors—a key issue for richer nations who want China to pay into the fund.
A transition committee on the establishment of the fund met late Friday and into Saturday in Aswan, in southern Egypt.
But the delegates were unable to reach an agreement and deferred the decision to another meeting due November 3 to 5 in the United Arab Emirates, according to a webcast of the debate on the official YouTube channel of the United Nations."
AFP had the story October 22, 2023.
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