Will rich nations pay for the climate ‘loss and damage’ fund? | Counting the Cost

Will rich nations pay for the climate 'loss and damage' fund? | counting the cost

Al Jazeera English published this video item, entitled “Will rich nations pay for the climate ‘loss and damage’ fund? | Counting the Cost” – below is their description.

Wealthy nations have long refused to compensate poor countries struggling to cope with the effects of climate change, fearing legal liability.

But after more than three decades, diplomats from approximately 200 nations made a breakthrough at the COP27 summit and agreed to establish a “loss and damage” fund.

The deal was a big win for vulnerable nations who bear the brunt of flooding and droughts – despite contributing comparatively far less to the carbon emissions that are causing global warming. We take a look at one of the most contentious issues at this year’s climate summit.

Elsewhere, we look at why the UK faces its sharpest fall in living standards on record.

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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In This Story: Climate Change

Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.

Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.

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