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REVEALED: 14 | Rare Historical Photos

Cop27 agrees historic ‘loss and damage’ fund for climate impact in developing countries

Deal is hailed as potential turning point that acknowledges vast inequities of climate crisis

The Guardian - AU

U.S. working to sign on to loss and damage agreement - sources

The United States is working to find a way it can agree to proposals put forward at the COP27 summit in Egypt on creating a fund to help developing countries meet the cost of climate disasters, a source close to the negotiations said on Saturday.

Reuters

'Developing' China won't pay into climate loss fund

A big sticking point in the final hours of the global climate summit remains China's insistence it is still a 'developing' economy by old UN definitions and should not pay

Newsroom.co.nz

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COP27: China's climate envoy says expects cooperation with U.S. to continue

China's top climate negotiator Xie Zhenhua said on Saturday he expects to continue direct cooperation on climate change with his U.S. counterpart John Kerry after the COP27 summit taking place in Egypt comes to a close.

Reuters

China and US renew commitment to tackling climate crisis but differences remain

Xie Zhenhua said he’d had ‘very constructive discussions’ with John Kerry at Cop27 but there’s no change on finance issues

The Guardian - UK

Cop27 talks continue over EU climate loss and damage fund proposal

Last-ditch plan for providing cash to countries suffering climate-related disaster brings overtime wranglingCop27 live – latest news updates

The Guardian - UK

Cop27: is it right to talk of ‘reparations’?

Negotiations are centred on ‘loss and damages’ – but some think that language does not fully account for climate debt

The Guardian - UK

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EU reversal of stance on loss and damage turns tables on China at Cop27

China is responsible for more cumulative emissions than any country other than the US

The Guardian - UK

Cop27 extended as EU climate damage proposal piles pressure on China

On what should have been the final day of Cop27 climate talks in Egypt, an EU proposal to break a deadlock on financial help for poor nations ravaged by climate change has piled pressure on big-polluting developing countries such as China to pitch in. The talks have been extended into…

Radio France Internationale

North and South far apart at COP27

At Sharm el-Sheikh, a strong vow to put right the wrongs of the world is not, sadly, the final word from the climate summit. That will be bland and unprogressive.

Newsroom.co.nz

Developing countries, China seek 'loss and damage' fund - draft proposal

The G77 bloc of developing countries and China are proposing the establishment of a new 'loss and damage' fund to provide finance to countries hit by climate disasters, a draft text of their proposal to the COP27 summit showed.

Reuters

COP27: India Resists Calls To Raise Ambitions, Says Rich Nations Must Reach Net Zero Before 2030

India on Monday firmly resisted calls for developing countries to raise ambitions at the ongoing UN climate summit in Egypt, saying "goalposts are being shifted constantly. Read more on Dynamite News:

Dynamite News

Climate change inequity: Who pays?

This year at COP, countries may decide if and how to compensate countries most impacted by climate change

Salon

Anxiety grows over risk to 1.5C: what happened on day seven at Cop27

Indigenous women from the Amazon held a press conference and developing countries criticised the G7’s loss and damage strategy

The Guardian - UK

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The Guardian - UK

Climate-focused reform of World Bank could be done in a year, says Al Gore

Former US vice-president says bank should refocus its spending and end its role in ‘fossil fuel colonialism’

Asharq Al-Awsat

UAE Joins Global Alliance on Green Economy

The UAE cabinet approved the country's joining to the Global Alliance on Green Economy, led by the World Green Economy Organization, which aims to launch programs and initiatives, create sustainable funding, and establish partnerships among developing countries to ensure an effective transition. Emirates News Agency (WAM) reported that joining the…

The Guardian - UK

Water scarcity on agenda as Cop27 climate talks enter second week

Days scheduled to discuss issues such as women’s rights and civil society alongside formal negotiations

Newslaundry

Shifting geopolitical sands, dull economy, but will Cop27 skip real tasks for rhetoric again?

The 27th session of the UN conference of parties on climate change mitigation in the Egyptian seaside city of Sharm-el-Sheikh intersects a time when the high table of global diplomacy grapples with the Ukraine war and the energy supply constraints in its wake. Even if it chastens the ambitious tone…

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WEKU

Biden says U.S. will rise to the global challenge of climate change

The President said the United States is cutting its greenhouse gas emissions, and promised again to give more money to developing countries on the front lines of climate change.

Reuters

U.N. talks not ready to agree climate compensation fund, EU says

Talks about how to compensate vulnerable countries for the damage caused by climate change are not ready to agree on a funding mechanism, a European Union negotiator said on Friday, but did not exclude progress on the issue at COP27.

The Conversation

How the energy crisis is pressuring countries at the UN climate summit – while some race to renewables, others see natural gas wealth, but it may be short-lived

Russia’s war on Ukraine has cast a shadow over this year’s United Nations climate summit in Sharm el-Sheikh, Egypt, where officials from around the world are discussing the costs of climate change and how to cut emissions that remain near record highs.

Asharq Al-Awsat

Sharm el-Sheikh Climate Summit Launches ‘Guide to Fair Finance’

The 2022 UN Climate Change Conference (COP27) witnessed the launch of the Sharm el-Sheikh Guide to Fair Finance – an international framework that seeks to address challenges facing developing countries and emerging economies, especially African states, and help them obtain financing to achieve their ambitions in the climate agenda. The…

The Guardian - AU

Rich countries shouldn’t balk at climate spending – it will soon pay for itself

‘Loss and damage’ finance for developing nations and domestic support for clean energy industries may be politically difficult – but they are necessary investments

The Conversation

It’s the big issue of COP27 climate summit: poor nations face a $1 trillion ‘loss and damage’ bill, but rich nations won’t pay up

The costs of climate-related disasters are growing and the poorest countries are bearing the brunt of impacts, from the unprecedented floods in Pakistan to the expanding famine in Somalia. Natural disasters in 2022 alone cost the global economy an estimated US$227 billion.

The Guardian - US

US introduces new carbon trading scheme to boost investment in developing countries

Critics question plan’s effectiveness in dealing with climate emergency and its potential to greenwash polluters’ reputations

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