At COP27.. The most vulnerable countries are seeking “loss and damage” compensation from the biggest polluters
More than 100 world leaders are
about to discuss a worsening problem that scientists’ call Earth’s biggest
challenge.
On Monday, nearly 50 heads of states
or governments, take the stage in the first day of “high-level” international
climate talks in Egypt.
Host leader, Egyptian President
Abdel Fattah El-Sisi, and United Nations Secretary-General Antonio Guterres
will kick off the leaders’ speeches.
Egypt, which is leading the event,
says the focus should be on implementing earlier promises.
Monday will be heavily dominated by
leaders of nations victimized by climate change, not those that have created
the problem of heat-trapping gases warming up the atmosphere from the burning
of fossil fuel.
World leaders will debate whether
countries hit by floods, drought, hurricanes and other events caused by climate
change should be given compensation.
Poorer countries say the loss and
damage they are already experiencing as a result of climate change should be
paid for by rich nations who have historically polluted the most.
The issue has formally been
confirmed as part of the agenda for the Cop27 conference in Egypt despite
resistance from wealthier countries. The EU and the US have previously led
opposition to the calls.
The UK government has welcomed the
discussion about the issue but has not formally said whether it would be
willing to support compensating poorer countries.
Climate funding has largely focused
on cutting carbon dioxide emissions to curb climate change alongside projects
to help communities adapt.
Funding for loss and damage would
differ as it would compensate countries that were unable to adapt to the impact
of climate change. However, there is no agreement as to what should count as
loss or damage caused by climate change.
Environmental activists at COP27,
are calling for a “fossil fuel nonproliferation treaty” asking governments to
promise an end to all new oil, gas and coal projects.
Activists argued on Monday that the
solution lies in promoting the development of wind, solar and other renewable
power rather than relying on gas and oil.
German Chancellor Olaf Scholz,
Macron and British Prime Minister Rishi Sunak are among the biggest names
expected at the start of the two-week event. US President Joe Biden and
Brazil’s President-elect Luis Inacio Lula da Silva are due to appear later on.