Tuesday, November 29

COP27 to formally discuss climate compensation for poorer nations


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SHARM EL-SHEIKH — COP27 delegates agreed on Sunday to discuss whether rich countries should compensate poorer nations most vulnerable to climate change at the United Nations climate summit in Sharm el-Sheikh, Egypt.

Diplomats approved a much-disputed agenda item to talk about matters relating to “funding arrangements responding to loss and damage associated with the adverse effects of climate change, including a focus on addressing loss and damage.”

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The conference runs from Nov. 6 through Nov. 18. (Reporting by Gloria Dickie, editing by William James)



financialpost.com

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