Early on Sunday, nations taking part in the COP27 climate summit reached an agreement to set up a fund to benefit poorer countries which were being damaged by climate-fueled disasters. However the deal is just an agreement to set up a fund. All decisions of who will pay into the fund, and how much will need to be paid, have been pushed off, to be resolved at the next meeting, the COP28 in November of 2023.

Following tense negotiations running through the night, a draft text for an agreement was released by the Egyptian presidency of the COP27 meeting, which immediately called a plenary session which certified it as the final agreement of the UN summit.

In the session, the agreement was approved, setting up a “loss and damage” fund which would repay developing countries, helping them to alleviate the immediate costs of climate-fueled events, such as storms and floods.

The agreement did not lay out an organizational structure specifying how such funds would be raised however. Instead, it specified a “transitional committee” would generate recommendations, which member countries could then adopt in November 2023 at the COP28 summit.

Specifically, the recommendations will focus on “identifying and expanding sources of funding.” The contentious issue of who should pay what, could not be ironed out at this year’s summit, and will be resolved later.

The demands of developing countries for such a fund overwhelmed the two-week summit, and pushed the talks past the scheduled close of negotiations, which was supposed to occur Friday.

Immediately after the loss and damage fund was approved in the plenary session, Switzerland requested a 30 minute suspension, so it might have time to examine the text of the new deal. The Swiss especially wanted to focus on the language related to national efforts to cut global warming emissions, according to their delegate.

Negotiators reportedly were vexed such changes were being discussed this late in the process.

The document, which will serve as the overall agreement emerging from the summit, will still require approval from the almost 200 nations at the Egyptian climate summit.

In a conciliation to India and some other countries, the document will not contain any reference to phasing down the use of all fossil fuels, but rather will refer to a phase down of coal only, as was agreed to at last year’s summit.