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#COP27: we have a deal

For 1st time, rich countries have agreed to pay poor countries for damages caused by climate change - a contentious deal 30 years in the making.

But, they could not agree on details of the fund. Decisions on who pays and who receives put off to next year.
Live now: 🇪🇺VP @TimmermansEU tells #COP27 plenary: "The world will not thank us when they hear only excuses tomorrow"

"Friends are only friends if they only tell you thinks you might want to hear" says the Dutchman.

"What we have in front of us is not enough of a step forward"
The #COP27 deal has not obliged "major emitters [like 🇚🇳] to increase and accelerate their emissions cuts" says Timmermans.

"It does not bring a higher degree of confidence that we will achieve the agreements made under #ParisAgreement and in Glasgow last year"
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