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‘Global Shield’ fund launched to help poorer nations deal with climate change
But civil society groups warn the programme should not be used to distract from effort to get big polluters to pay for the loss and damage they have already caused
Climate activists participate in a demonstration at the designated protest zone for the Cop27 UN Climate Summit, Tuesday, November 15, 2022, in Sharm el-Sheikh, Egypt

AS THE Cop27 global climate conference began its second week in Sharm el-Sheikh, Egypt, on Monday, a new funding initiative to help poorer nations cope with the effects of climate change was launched by G7 nations.

Dubbed the Global Shield, the new mechanism is backed by the V20 group of climate-vulnerable nations and will initially receive more than $206 million (£173m) in funding.

At Cop27, the issue of loss and damage appeared on the agenda of a United Nations climate conference for the first time.

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