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Cop27: EU agrees to finance fund for poorer countries – live

Cop27: EU agrees to finance fund for poorer countries – live

The European Union has backed a loss and damage fund, one of the key demands of developing countries at the climate talks

The low-lying Pacific island of Tuvalu has been reacting to the EU’s proposal on “loss and damage”. Its finance minister, Seve Paeniu, called for support for phasing out all fossil fuels, language so far missing from the draft Sharm el-Sheikh agreement.

He described the EU position on loss and damage as a “breakthrough”.

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