Tensions are rising ahead of this year’s United Nations climate meeting, as vulnerable countries increase their demands for rich countries to compensate the world’s poorest people for losses caused by climate change.

Negotiations will take place on November 7 in the beachside resort town of Sharm El Sheikh, Egypt, between diplomats from nearly 200 countries about how to reduce CO2 emissions that cause climate change and cope with existing climate impacts such as deadly heatwaves, wildfires, rising seas, and drought.

However, another topic that is likely to dominate the discussions is “loss and damage,” or climate-related devastation of houses, infrastructure, and livelihoods in the poorest countries that have contributed the least to global warming.

According to the United Nations, the world’s 46 least developed countries, which account for 14% of the global population, emit only 1% of the world’s annual CO2 emissions from the use of fossil fuels.

As the COP27 approaches, climate losses are increasing in both rich and poor countries. In recent weeks, flames have consumed vast swaths of land in Morocco, Greece, and Canada, while drought has devastated Italy’s vineyards and deadly floods have struck Gambia and China. more info

“That was the important point. We’ve been affected and discussed it for a long time. However, wealthier countries are now being affected as well “said Saleemul Huq, a 55-country adviser to the Climate Vulnerable Forum.

Wealthy countries also failed to meet a promise to provide $100 billion per year by 2020 to assist poor countries in reducing emissions and preparing for climate change. more info Payments for losses and damage would be in addition to the $100 billion.

“It isn’t ambiguous. Finance refers to money. It means reaching into your pocket and pulling out a dollar, a euro, or a yen to place on the table for the victims of climate change “Huq said.

Source: Reuters

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