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filosoful OP t1_ix3ig0u wrote

A historic deal has been struck at the UN's COP27 summit that will see rich nations pay poorer countries for damage and economic losses caused by climate change

It ends almost 30 years of waiting by nations facing huge climate impacts.

But developed nations left dissatisfied over progress on cutting fossil fuels.

"A clear commitment to phase-out all fossil fuels? Not in this text," said the UK's Alok Sharma, who was president of the previous COP summit in Glasgow.

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wwarnout t1_ix3l2jt wrote

>A clear commitment to phase-out all fossil fuels? Not in this text

...and not likely in any text for the foreseeable future.

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CriticalUnit t1_ix7j4l7 wrote

Economics will phase out FFs long before countries agree to do it.

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Ulyks t1_ixag4ld wrote

How is this historic?

Yeah everyone approved a fund to help poor countries but no one is willing to pay into it.

What on earth is the point of an empty fund?

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