Countries at the U.N. Climate Conference agreed for the first time in the history of these talks to discuss how the world’s largest historical emitters should compensate poorer countries for the harms those emissions cause.
A woman poses Monday near a sign for the COP 27 U.N. climate summit on display outside the green zone, in Sharm el-Sheikh, Egypt. | AP Photo/Thomas HartwellSHARM EL-SHEIKH, Egypt — The sun beat down on desert sands Monday as dozens of world leaders gathered for the 27th round of annual U.N. climate talks in this Red Sea resort town on the Sinai.
A signal of progress came Monday when French President Emmanuel Macron announced support for an initiative — spearheaded by Barbados Prime Minister Mia Mottley — to transform the global financial system to provide more liquidity to climate-vulnerable nations. In his opening remarks, Egyptian President Abdel Fattah el-Sisi told leaders in the room Monday that their presence was “the best possible proof” of the importance they place on climate change.
Finance will be a priority, particularly as the costs of more extreme storms, floods, droughts and heat waves mount. A recent U.N. report found that as much as 10 times more money is needed by 2030 to help countries shore up their defenses to the growing impacts of a warming planet. Mottley has brought the debt crisis facing small island nations like her own into the spotlight as a way of showcasing the inequity in how climate finance flows.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NOAA's climate science and services highlighted at COP27 UN Climate ConferenceNOAA's ClimateScience and services highlighted at COP27 UN Climate Conference in Egypt For a schedule of events featuring NOAA experts + links to livestreams/archived video, visit: SciDiplomacyUSA US_Center cop27P NOAAClimate
Read more »
IMF chief says rich countries alone can 'never close' the funding gap for climate changeMore private investments are needed to help developing countries to meet their climate change targets, said the managing director of the IMF.
Read more »
Countries Balance Climate Pledges with Economic Strains at COP27COP27, a two-week-long U.N. climate summit, began in Egypt this weekend. See potential bias and similarities in coverage from MarketWatch, NPR, and BreitbartNews:
Read more »
5 tensions that could derail the climate conferenceThe Egyptian hosts of this year's climate summit, which kicked off Sunday, have prioritized action over new pledges. And that means coming up with money — billions and billions of dollars.
Read more »
In a First, U.N. Climate Summit Will Discuss Climate ReparationsFor the first time, the formal agenda of the U.N. climate talks will include discussion on how rich nations should pay poorer nations for the unavoidable impacts of climate change
Read more »