The European Union has warned that it was prepared to walk away from climate negotiations if a satisfactory outcome could not be reached, but said it still believed a deal could be struck between negotiators at the COP27 summit in Egypt
"We need to move forward, not backwards and all ministers ... are prepared to walk away if we do not have a result that does justice to what the world is waiting for - namely that we do something about this climate crisis," said EU climate policy chief Frans Timmermans.
"The vast majority of the parties indicated to me they considered the text as balanced and that they constitute a potential breakthrough that can lead to consensus," Mr Shoukry, who is also Egypt's foreign minister, told journalists as the talks went into overtime. The outcome of the conference, which was meant to end yesterday, 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.
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