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Egypt's Foreign Minister Sameh Shukri, heads the closing session of the COP27 climate conference, at the Sharm el-Sheikh International Convention Centre in Egypt's Red Sea resort city of the same name, on Nov. 20, 2022. Joseph Eid/AFP via Getty Images
At the United Nations COP27 summit in Sharm el-Sheikh, Egypt, representatives from nearly 200 countries have agreed to set up a “loss and damage” fund intended to help vulnerable countries cope with natural disasters.
The agreement early Sunday will establish a fund in response to “loss and damage associated with the adverse effects of climate change.”
