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.

LISTEN ABOVE

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.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.