From: The costs count

A historic fund was adopted at the COP27 summit to help vulnerable countries most affected by climate change.

Rich countries have long refused to compensate poor countries struggling with the impacts of climate change for fear of legal liability.

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

The deal was a major win for vulnerable countries that bear the brunt of floods and droughts, despite contributing relatively much less to the carbon emissions that cause global warming. We take a look at one of the most controversial issues at this year’s climate summit.

Elsewhere, we look at why the UK is facing the sharpest drop in living standards on record.

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By wy9m6

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