in vulnerable countries, much of the focus at November's COP27 climate summit in Egypt may be on the responsibility of industrialized nations to provideThe topic of what is known under the UN climate treaty as "loss and damage" is fraught, particularly with the U.S., since funds going toward compensation are seen by critics as an admission of liability.
He proposed that some of this money come from oil-and-gas companies' "windfall profits" during this time of soaring energy and food costs.Egyptian foreign minister Sameh Shoukry, host of COP27,Such an outcome, Shoukry said, would provide developing countries with "means and resources to avert, minimize and address" such climate consequences.
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