Rich nations will pay climate damages, but the final deal does not cut fossil fuels further.
A historic deal has been struck at the UN's COP27 summit that will see rich nations pay poorer countries for damage and economic losses caused by climate change.But developed nations left dissatisfied over progress on cutting fossil fuels.
On Sunday, Pakistan's climate minister Sherry Rehman, who negotiated for the bloc of developing countries plus China, told journalists she was very happy with the agreement.The devastating floods in at-risk nation Pakistan this summer, which killed about 1,700 people with estimated damages of $40 billion, have been a powerful backdrop at this summit.
"I'm incredibly disappointed that we weren't able to go further," UK lead negotiator Alok Sharma told journalists after talks concluded. It also included ambiguous news language about "low emissions energy" - which experts here say could open the door to some fossil fuels being considered part of a green energy future.
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