Sharm el Sheikh, Egypt: A deal was reached at UN climate talks on Saturday on creating a fund to cover the losses suffered by vulnerable countries hit by extreme weather, an EU source said.
Rich and developing countries had been deadlocked over setting up a "loss and damage" fund, threatening to derail the COP27 summit, but the European Union source said the issue had now been "agreed".
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)