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For 30 years, developing nations have fought to establish an international fund to pay for the “loss and damage” they suffer as a result of climate change. As the COP27 climate summit in Egypt wrapped up over the weekend, they finally succeeded.

World Bank officials stressed that climate challenges in the Middle East included water scarcity, food shortage, and energy security, noting that the Saudi Green Initiative was an example to follow in order to address these threats. Asharq Al-Awsat interviewed Paul Noumba Um, the Regional Director of the World Bank’s Infrastructure…

From loss and damage to 1.5C goal and World Bank reform, the takeaways from Sharm el-Sheikh

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While the UN climate summit in Egypt concluded with a landmark decision to establish a fund to address loss and damage. Read on for details:

Countries adopted a hard-fought final agreement at the Cop27 climate summit early on Sunday that will set up a fund to help poor countries battered by climate disasters, but does not boost efforts to tackle the emissions causing them. France said it regretted the agreement's "lack of ambition".

A fraught UN climate summit wrapped up Sunday with a landmark deal on funding to help vulnerable countries cope with devastating impacts of global warming -- but also anger over a failure to push further ambition on cutting emissions.

World leaders, diplomats and activists respond to signing of ‘historic’ deal as climate talks wrap up

‘In the end we delivered. We listened to the calls of anguish and despair,’ Sameh Shoukry the Egyptian foreign minister and president of the summit said

After two weeks of U.N. climate talks, negotiators agreed to one big decision, to create a fund to help developing countries suffering the impacts of climate change

An often fraught UN climate summit wrapped up on Sunday with sweeping agreement on how to tackle global warming and a "historic" deal to create a special fund to cover the damages suffered by vulnerable nations. The two-week talks, which at times appeared to teeter on the brink of collapse,…