CONFERENCE OF THE PARTIES: COP27 talks begin with deal to discuss climate reparations

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UN climate talks began in Egypt on Sunday with a deal to discuss how rich countries can help pay for the damages caused by global warming elsewhere.

The breakthrough, reported in advance by Bloomberg, will allow diplomats to officially debate so-called loss and damage for the first time during the two-week conference in Egypt’s Sharm el-Sheikh resort.

“Inclusion of this agenda reflects a sense of solidarity and empathy with the suffering of the victims,” Shoukry said after taking up his position as COP27 president on Sunday. The world is currently on track to miss its target to limit global warming to 1.5°C by the century’s end. The smooth adoption of the agenda followed behind-the-scenes negotiations to avoid a skirmish at the start of the conference, when the order of proceedings is agreed.Pakistan’s flood crisis bends climate talks towards reparations

The Alliance of Small Island States welcomed Sunday’s development but said the issue should have been addressed long ago. Instead, rich countries continued to burn fossil fuels that are threatening the survival of some islands.

Source: Energy Industry News (energyindustrynews.net)

 

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Another coffee gathering where rhetoric will dominate media reports. It's all about 'money' and nothing about 'climate'.

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