COP27 talks on climate compensation not yet ready to agree new fund

FILE PHOTO: Secretary-General of the United Nations Antonio Guterres, Egyptian President Abdel Fattah al-Sisi and others attend the COP27 climate summit in Sharm el-Sheikh, Egypt November 7, 2022. REUTERS/Mohammed Salem/File Photo
Talks at the COP27 climate summit about how to compensate developing countries for the damage cause by climate change are not yet ready to decide on a new funding mechanism, a European Union negotiator said on Friday.