Developed nations agreed early Sunday to help developing countries pay for the catastrophic consequences of climate change — a historic agreement reached after weeks of fraught negotiations that went into overtime at this year’s U.N. climate conference in Egypt.
As daybreak approached, nations adopted an overarching cover decision that does little to push the world toward more ambitious climate action. Despite growing calls for the text to include language on the need to phase out all polluting fossil fuels, it only reiterates language from last year’s pact calling for a “phase down of unabated coal.”
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