In Egypt at the COP27 climate summit, talks on loss and damage have reached a key milestone.

That would mean vulnerable countries are a step closer to compensation for climate change-fuelled disasters essentially caused by developed nations.

This morning the European Union shifted its position, and diplomats finalised key parts of a negotiating text that politicians will now consider. 

The general counsel of Camco clean energy Karl Upston-Hooper spoke to Max Towle before the news came through.