UN climate summit hangs on money for 'loss and damage'
UN climate talks were deadlocked Thursday over calls to create a special fund to cover the losses suffered by vulnerable nations hit by natural disasters, raising the risk that negotiations could collapse.. A 130-nation group known as G77+China issued a proposal to create the fund at the COP27 and agree on the nitty-gritty details at the next UN talks in Dubai in 2023.