Search
Saturday, December 10, 2022

No agreement on key issue at climate summit in Egypt

In a race against time, government negotiators intensified their contacts in this Egyptian city for the event, amid growing criticism from the north’s dogmatic stance on the south.

Additional efforts are needed to ratify that point, Egypt’s COP27 president and Foreign Minister Sameh Shoukry warned yesterday during a joint press conference with UN Secretary-General Antonio Guterres.

Shoukri considered the demands of low-resource nations urgent and valid in the framework of the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change.

He warned that even the actions taken to mitigate and adapt the consequences of the incident did not yield the expected results.

While some discussions were constructive and positive, others did not reflect the expected recognition of the need to move collectively to address the seriousness and urgency of the situation, he said.

Read Also:  No agreement on key issue at climate summit in Egypt

Shoukri urged all parties to make extra efforts to reach an agreement.

Guterres made a similar call amid reports of tensions between the negotiators. “There is clearly a trust deficit between north and south and between developed and emerging economies,” he acknowledged.

In this sense the Pan-African Climate Justice Alliance, which brings together more than a thousand organizations from 48 countries of the continent, assures that millions of people in the world are waiting for concrete results.

A statement from the coalition criticized rich countries for their refusal to create a mechanism to make up for the financial loss and damage caused to developing countries.

Read Also:  US price index shows slight decline

It is the first time that the issue has been discussed at a climate summit, as the previous edition of the COP, held in Glasgow last year, postponed the idea due to the refusal of the powers, especially the United States, to contribute. was given. money for the project.

According to a report by the Loss and Damage Collaboration, a group of more than 100 researchers, 55 of the most climate-sensitive economies suffered economic losses of more than $500 billion from 2000 to 2020.

COP27 should at least close with a political declaration of commitment to the creation of this fund, which represents a longstanding aspiration of the countries of the South, believed Pakistani climate change minister, Sherry Rehman.

Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.

Latest News

Related Stories