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A Long-Sought Loss and Damage Deal Was Finalized at COP27. Now, the Hard Work Begins
Loss and damage costs related to climate change could total more than $1 trillion by 2050. Where will the money come from, and who will get it?
By Bob Berwyn
Three months after delegates at COP27 drafted an outline for a loss and damage deal under which rich, developed nations would compensate developing countries for permanent and irreversible climate impacts, the United Nations Framework Convention on Climate Change is taking some first concrete steps to flesh out the agreement.