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COP27 wraps up its work in Sharm el-Sheikh, Egypt.
Kiara Worth

COP27 closes with deal on loss and damage: ‘A step towards justice’, says UN chief

After days of intense negotiations that stretched into early Sunday morning in Sharm el-Sheikh, countries at the latest UN Climate Change Conference, COP27, reached agreement on an outcome that established a funding mechanism to compensate vulnerable nations for ‘loss and damage’ from climate-induced disasters.