COP27

Money talk at COP27 points to a clearer framework for the different roles money plays in addressing the climate crisis.

“ [Loss and damage” is next frontier of compensation](https://www.bloomberg.com/graphics/2022-pakistan-floods-climate-change-loss-damage-cop27/) for disasters such as Pakistan’s floods. [mitigation and adaptation](https://www.bloomberg.com/opinion/articles/2022-11-02/climate-change-costs-are-eating-up-the-money-to-avert-it)” is supposed to come from a $100 billion pot of climate finance contributions from industrialized nations, agreed to more than a decade ago. Bringing together every country on the planet is in no small part a method of pressuring the wealthiest attendees to pay up.