Fresh hopes of a breakthrough at the UN climate summit have been raised by a promise from the developed world.
The nations meeting in Sharm el-Sheikh was able to reach an agreement over what had been the biggest sticking point.
A new fund has been proposed by the European Union.
The best deal will be pushed for by the developing nations.
The summit is nearing its end after two weeks of talks to make progress on tackling climate change but there were fears it could collapse over the question of money It was supposed to end on Friday, but is now expected to continue until Saturday.
Rich nations owe this money because they historically released most of the greenhouse gases that cause global warming according to vulnerable nations.
The floods in Pakistan this summer have made for a powerful backdrop to talks in Egypt.
Rich nations worry about signing blank cheques. At the beginning of the summit, the US made it clear that there would be no new fund.
The European Union proposed a fund that would be funded by a broad donor base.
It's possible that China, a country that now emits large amounts of greenhouse gases, could contribute as well.
China contributes little to global warming due to being in the same group as developing nations. They could be called upon to help pay the bill.
"We'll see what we get out of this, it's great to see some leadership finally, but we'll have to wait and see," Krishnan said.
Prof Michael Wilkins says that the EU's proposal is not supported by all developing nations.
The question of loss and damage has been the center of attention. After 30 years of trying, the world's nations at severe risk from climate disaster were happy to get it on the agenda.
The deal is not done.
Ms Krishnan said that the funding was the biggest thing that could make or break the discussion.
She thinks it's important to see what the US and China do.
Outside of the negotiation rooms, NGOs and activists are still calling for stronger promises from COP 27 to get rid of fossil fuels.
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