Cop27 finale: Leaders debate climate damage funding for Pacific nations

After two weeks of negotiations at the climate talks at an Egyptian resort, it's now down to the wire.

Diplomats have created proposals on the controversial loss and damage agenda that will be decided upon by politicians.

Robust discussions have seen many collaborations and discord resulting in negotiators not reaching agreement on funding that would see vulnerable countries compensated for climate change-fuelled disasters caused by developed nations.

A key milestone was reached on Friday morning (New Zealand time), when the European Union shifted its position to support the G7 and China which includes Alliance of Small Island States (AOSIS) and the Pacific. The EU along with the United States pushed back this agenda as it feared being put on the hook for payments of billions of dollars for decades or even centuries to come.

However, developing nations and their allies have been able to stir up support, with major voting in favour for the setup of a loss and damage facility. Australia has chosen to keep the discussion open while the US maintained an isolated position, showing no flexibility.

Now, there are three options on the table for politicians to agree upon and they were due to be debated over the next few hours.

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