Environment

Poorest nations to push for compensation at climate talks

By Agence France Presse

General view of hotels, banks and office buildings by the Nile River as Egypt prepares to host the COP27 summit in Egypt, September 12, 2022. Photo: REUTERS

The world's poorest countries say they will insist that the UN's upcoming climate talks push ahead with proposals for a fund to compensate vulnerable nations for climate-inflicted damage.

Ministers and experts from the 46-nation Least Developed Countries (LDC) bloc, meeting in Dakar, said their countries were most exposed to climate impact but least to blame for the carbon emissions that cause it. In a statement issued late Wednesday ahead of the November climate talks, they said that setting up a funding mechanism for loss and damage was of 'crucial importance.'

They also reiterated a call for 'all parties, particularly major emitters' to make swift and deep cuts in carbon emissions, and for rich economies to honour past pledges on climate aid.

COP27 -- the 27th Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC) -- runs in the Egyptian resort of Sharm el-Sheikh from November 6-18.

The annual parlays are dominated by often fierce debate on national pledges on emissions curbs and on funding.

A version of this article appears in the print on September 16, 2022 of The Himalayan Times.