Insurance fund for climate impacts announced at UN talks

  • Henry Kwabena Kokofu, of Ghana, left, and Svenja Schulze, of Germany, talk at a session at the COP27 U.N. Climate Summit, Monday, in Sharm el-Sheikh, Egypt. (AP Photo/Peter Dejong)

SHARM EL-SHEIKH, Egypt — The Group of Seven leading economies launched a new insurance system Monday to provide swift financial aid when nations are hit by devastating effects of climate change.