Some middle-income countries that are severely battered by climate disasters may also receive aid.
Representatives and negotiators from nearly 200 countries have reached a historic agreement to pay reparations to poor countries said to be victimized by climate change, though proponents say more is needed to scale back fossil fuels. The deal, gaveled around dawn in the Egyptian Red Sea resort city of Sharm El-Sheikh, established a fund for what negotiators call “loss and damage.”
It was a big win for poorer nations that have long called for money — sometimes viewed as “reparations” — because they are often the victims of floods, droughts, heat waves, famines and storms despite having contributed little to the pollution that heats up the globe.
While the fund would be largely aimed at the most vulnerable nations, there would be room for middle-income countries severely battered by climate disasters to get aid.