COP27 puts climate compensation on agenda for first time

Sun, 2022-11-06 15:01

SHARM EL-SHEIKH: Delegates at the UN’s COP27 climate summit in Egypt agreed to discuss whether rich nations should compensate poor countries most vulnerable to climate change for their suffering.

“This creates for the first time an institutionally stable space on the formal agenda of COP and the Paris Agreement to discuss the pressing issue of funding arrangements needed to deal with existing gaps, responding to loss and damage,” COP27 President Sameh Shoukry told the opening plenary.

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