Negotiators say they have struck a deal in U.N. climate talks in Egypt: the creation of a fund for compensating poor nations hit by extreme weather
Brazilian President-elect Luiz Inácio Lula da Silva is promising to combat deforestation when he assumes office on Jan. 1.“There is an agreement on loss and damage,” Maldives Environment Minister Aminath Shauna told the AP early Saturday afternoon after a meeting with other delegations. “That means for countries like ours we will have the mosaic of solutions that we have been advocating for.”
“I think this is huge to have governments coming together to actually work out at least the first step of ... how to deal with the issue of loss and damage,” Scott said. But like all climate financials, it is one thing to create a fund, it’s another to get money flowing in and out, she said. The developed world still has not kept its 2009 pledge to spend $100 billion a year in other climate aid — designed to help poor nations develop green energy and adapt to future warming.
The Egyptian presidency, which had been under criticism by all sides, proposed a new loss and damage deal Saturday afternoon and within a couple hours an agreement was struck but Norway’s climate and environment minister Espen Barth Eide said it was not so much the Egyptians but countries working together.
An overarching decision that sums up the outcomes of the climate talks doesn’t include India’s call to phase down oil and natural gas, in addition to last year’s agreement to wean the world from “unabated” coal. Throughout the climate summit, the American, Chinese, Indian and Saudi Arabian delegations have kept a low public profile, while European, African, Pakistan and small island nations have been more vocal.
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Climate negotiators in Egypt say they remain far from a dealSHARM EL-SHEIKH, Egypt (AP) — Climate talks stalled late night Thursday on some major issues going into the final day, but possibilities for a deal were buoyed by an unexpected proposal on two of the thorniest issues by the European Union that involves a fund for compensation for climate disasters.
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COP27 negotiators to push for deal in overtime climate talksNegotiators were poised to make a final push for a deal at the COP27 climate talks in Egypt on Saturday, as persistent disagreements over money forced the two-week talks into overtime.
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COP27 negotiators to push for deal in overtime climate talksSHARM EL-SHEIKH, Egypt (Reuters) - Negotiators were poised to make a final push for a deal at the COP27 climate talks in Egypt on Saturday, as persistent disagreements over money forced the two-week talks into overtime. The outcome of the conference, which was meant to end on Friday, is widely seen as a test of global resolve to fight climate change, as a war in Europe and rampant consumer inflation distract international attention. An official draft of the agreement released Friday morning reaffirmed past commitments to limit global warming to 1.5 degrees Celsius – the point at which scientists say the effects of climate change will get much worse.
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COP27 negotiators push for deal in overtime climate talksNegotiators made their final push for a deal at the COP27 climate talks in Egypt on Saturday, trying to bridge divisions over funding relief for climate change disasters and commitments for long-term climate action.
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