that came out of it was financial, helping poor countries, paying them for the climate disasters they ve been dealing with because of big companies like the u.s. and china having such high emission gasses being released. are you disappointed that there was no bigger agreement to reduce emissions from this climate change summit? and what more can we do then? yeah, i think we can always do more, but i think i am optimistic in some ways, too. there is starting to be energy to try to address the problem on global scales and also on local scales. i think it important to note that it s critical to reduce emissions and there s a lot of energy into learning how to live with these impacts. planning the united states along the coastlines, people are talking about building things like sea walls, beach
the achievement of cop27? i would say on the question of loss and damage it is a very significant day indeed, it has been 30 years in the making. until now climate finance has been about solar panels and sea walls, nothing was being spent on storms or floods like we saw in pakistan. that will change, a major victory for developing countries. for the uk and the eu and many others who had rode in on this fund, they hope that others would support them facing out all fossil fuels, that will not happen and is seen as a major blow, seen as rolling back on the commitments made just last year in glasgow. it has been a good day. damage but not a good day for efforts to cut back on carbon. so what happens now? the negotiators will go back to the
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of southeast florida tonight and the southeast overall. it has sent several homes toppling into the atlantic ocean already and threatening buildings in places where sea walls were washed away by hurricane ian just weeks ago. correspondent phil keating is in florida tonight on the beaches there in the atlantic. good evening, phil. good evening, bret. category 1 hurricane nicole howled through florida s atlantic coast line just after midnight causing significant damage like this beach erosion up and down the coast line. it finally made land fall right in between vary row beach and fort pierce. this was the first november hurricane in nearly 40 years. that s how layer it is. anywhere between 3 and 8 inches of rain poured on florida throughout the day. at south patrick shore near cape canaveral at least one wind gust reached 90 miles per hour. the worst damage happened around daytona beach.
homes along this barrier island theater observe the edge on the eedge before hurricane nicole hit. now many have crumbled into the ocean. local officials in volusia counties say as many as 40 single homes and 19 hotels are compromised. no one s seen anything like this. we re worried about the condos and homes for people. reporter: walls gone, furniture ruined, everything these homeowners have worked for has been swept away by the sea. this whole area is unsafe as well. it s compromised. everything is creating sink holes underneath the houses. reporter: back in september, hurricane ian undermined sea walls in the area, and there wasn t enough time to fix them before nicole made a rare november landfall. this is obviously not a significant a storm as hurricane nicole was but, coming on the heels of that, yo re seeing communities where you had a lot of that erosion on the coastline, you know, this has put some of those structures in