COP27 opens putting climate compensation on agenda for first time

Delegates at the the U.N.'s COP27 climate summit in Egypt agreed on Sunday (November 6) to discuss whether rich nations should compensate poor countries most vulnerable to climate change for their suffering.

"This creates for the first time an institutionally stable space on the formal agenda of COP and the Paris Agreement to discuss the pressing issue of funding arrangements needed to deal with existing gaps, responding to loss and damage," COP27 president Sameh Shoukry told the opening plenary.

The item was adopted to the agenda in Sharm el-Sheikh, Egypt, on Sunday, as world leaders arrived for the negotiations scheduled to run through Nov. 18.