The EU is now open to a climate damage fund. Is the U.S.?

At the climate change talks in Egypt on Wednesday, the European Union signaled openness to discussing the creation of a new loss and damage fund. The fund, which developing nations have been calling for, would create a new pool of money to disburse to poor countries that have suffered irreversible climate damage. After the EU’s new stance, the spotlight is now on the United States, which has been less clear on its position. POLITICO’s Zack Colman breaks down the state of negotiations for the loss and damage fund and if the European Union’s new stance shifts the momentum. Plus, EPA’s watchdog has launched two probes into the Jackson water crisis. And, Ukraine has warned its allies that it may not be able to recover from more Russian attacks on the country’s energy systems. Josh Siegel is an energy reporter for POLITICO. Zack Colman covers climate change for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO’s audio department.