COP27 puts climate compensation on agenda for first time
7th Nov 2022
myonlineprep
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COP27 puts climate compensation on agenda for first time
- Delegates at theCOP27 climate summit in Egypt agreed after late-night talks to put the delicate issue of whether rich nations should compensate poor countries most vulnerable to climate change on the formal agenda for the first time.
- COP27 President Sameh Shoukry told the plenary that opens this year’s two-week United Nations conference attended by more than 190 countries the decision created“ an institutionally stables pace” for discussion of“ the pressing issue of funding arrangements”.
- At COP26 last year in Glasgow, high-income nations blocked a proposal for a loss and damage financing body, instead supporting a three-year dialogue funding discussion.
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