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Gavin Grey: COP 27 climate fund is unlikely to go far

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The COP 27 climate summit in Egypt has wrapped up, with countries agreeing to establish a fund to help developing nations deal with climate change.

But the money isn't expected to go far.

The EU is likely to contribute about 120-million New Zealand dollars.

By comparison, the floods in Pakistan have already cost 60-billion New Zealand dollars this year alone.

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