and reporting from that summit, informal shake, egypt, i'm very pleased to be joined by w's, sam baker. sam, the conference is supposed to be wrapping up today. how close are negotiators to getting the deal? well i don't think it's looking like today will be the last day. it's spend very slow here. one negotiator i spoke to yesterday said it's been an especially hard year because so many issues to do with money or on the table. we have seen some movement in the past few hours, however, from the you are proposing a fund for loss and damage funding. now this is the sort of money that climate vulnerable countries need after climate disaster strike to deal with the devastation that they caused. and the you is proposing this in exchange for the countries here, agreeing to face down coal, oil, and gas. ha. now this hasn't been reached in an agreement yet as a consensus as needed here, which can be quite difficult. so the u. s. for example, has been very quiet on the matter. however, smaller island states and other climate vulnerable countries have been holding firm on their demands for this

some d w sam baker is in jermel shake covering the climate talks. i asked her to tell us more about the potential deal. yes, that appears to be the case multiple countries are signaling their support for this deal. and so far i haven't heard any speaking out against it. so this is a fund that would be established to pay for loss and damage. and that is money that will go towards countries that need it after climate disasters. so climate vulnerable, poor countries that need that money and many of them are singling their support, saying this fund offers hope, but the details will need to be worked out for next year. and the most important one will be where the money is going to come from. so the, the sources of money for that fund from the outside looking in it seemed that delegates were at an impasse. so this is a major development. what remains to be agreed on the main thing that still needs to be agreed on is mitigation. so that's one of those. buzzwords here at cop 27, but basically what it means is reducing emissions. so the language in the draft

he w environment report a sam baker is in charge. i'll shake. she told me the negotiations still faced major roadblocks. yeah, it's been a particularly slow negotiation this year i had spoke with one negotiator yesterday who said it's just been an especially hard year because there's so much talk of money this year. there was a movement over last night with the you proposing some sort of some sort of system for loss and damage funding. so this is the money that is needed for countries dealing with the aftermath of climate disasters. and they're proposing that in exchange for pledges from countries to face down oil, coal and gas are not just cold, but all fossil fuels. now, of course, that's a bit difficult because they need consensus here to reach an agreement. so countries like the u. s. have been very quiet on the funding matter for loss and damage. and others like saudi arabia are unlikely to agree to the phase down. ok, the, the phase down rather than phasing out. also the financing of those most vulnerable . i guess at the end of the day it

w correspondence. and baker, who is covering the un climate summit in shemelle check. hello to you, sam. so it could be a real breakthrough on this deal for a loss and damage fund. what more can you tell us about the key points of this proposal? well, as you said, there are still details to come. most importantly, who's going to be funding this fund, who is going to be paying into it. so that will have to be worked out ahead of next year. but climate vulnerable countries and campaigners are saying that this does offer hope to fund loss and damage, which is one of these un buzzwords. but really it's money for vulnerable countries, poorer nations that are dealing with catastrophes increased by climate change. so like the floods we've seen in west africa and pakistan recently, and this year's conference was the 1st time that this loss and damage funding was even on the agenda here. so the fact that there is some agreement to establish a fund is really an achievement in that sense. yeah. and days. and so at least it's on the agenda for the 1st time as you said. so hopefully there will be som