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COP27 kicks off with deal to discuss climate compensation

13 Sept 12:36 Key points summarised by AI

COP27 commenced with a historic agreement to officially discuss "loss and damage," focusing on compensating vulnerable nations for mounting climate change impacts, a topic previously resisted by wealthy countries.
This breakthrough, driven by increasing global weather calamities such as the devastating floods in Pakistan, establishes a formal platform for talks aimed at a conclusive funding decision no later than 2024.
Despite this significant step, the summit faces challenges including wealthy nations' underperformance on existing climate finance pledges and the need to secure substantial funding for proposed mechanisms like a UN-hosted "response fund" or the "Global Shield" initiative.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.