Results of the latest United Nations climate summit were unveiled Sunday morning, as grueling debates over a historic fund and fossil fuel emissions forced negotiations to drag on almost two days longer than expected. One major breakthrough: The agreement to set up a “loss and damage” fund, which would offer vulnerable nations financial assistance in grappling with the climate crisis. But countries failed to commit to phasing out, or even phasing down, all fossil fuels.

The U.S. will be part of a new fund to pay reparations to poor countries. This is separate from the $100 billion a year that rich countries have promised to help poor countries reduce emissions and adapt to climate change.

Europe hopes the “loss and damage” fund will induce poor countries to reduce emissions to meet the Paris target of limiting global warming to 1.5 degrees Celsius compared to pre-industrial levels. Details about the reparations fund — including which countries will pay, how much, and which countries will benefit — will be fleshed out over the next year.

House Republicans won’t appropriate money for the fund, but the Biden administration could tap international development banks the U.S. funds.

A Wall Street Journal editorial notes: “Countries might also shake down U.S. fossil-fuel producers in their own courts. Climate reparations will merely serve as another form of global income redistribution. The Biden administration’s surrender shows again that the religion of climate change is progressive penance for the sin of being prosperous.”

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