COP27: EU proposes fossil fuel-funded UN climate loss and damage facility, with shipping and aviation contributing

Published 21:31 on November 17, 2022  /  Last updated at 22:16 on November 19, 2022  /  Aviation/CORSIA, Climate Talks, EMEA, International, Shipping  /  No Comments

The EU shifted against a longstanding deadlock at UN climate talks on Thursday by proposing to establish a loss and damage fund for the most vulnerable countries, using money that could be raised partly by a levy on aviation, shipping, or fossil fuels.

(adds details on the EU’s demand for enhanced mitigation efforts)

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