The World Climate Summit “COP 27”, held in the Egyptian city of Sharm El -Sheikh, was scheduled to reach the conclusion of its work on Friday.
The year 2022 witnessed several disasters linked to climate change from floods and droughts affecting crops and wide fires. The Climate Conference on Climate (COP 27), organized by the United Nations in Sharm El -Sheikh in Egypt, aims to increase the obligations of about 200 countries involved in reducing this scourge.
In view of these disasters, during the climate conference, the South countries demand a preliminary agreement to establish a fund dedicated only to these “losses and damage.
On the other hand, the countries of the North, which have long been preserved, agreed to open specific negotiations on this issue, ultimately, to officially include them for the first time on the COB agenda 27. However, they demand that the talks continue for a longer period.
In an opening gesture, the European Union confirmed during a public session on Thursday evening that it is ready to create a “response fund for losses and damage” immediately, while stressing that the conference must take strong obligations on reducing emissions.
However, it must be funded by a “large -to -donor” base of any countries that have a financial ability to contribute, in reference to China, the ally of developing countries in this file.
This fund will be a component of various funds “Films” that must be developed, provided that the “very weak” countries benefit from it. The Pakistani actor, who presides over the 77+ group, which includes more than 130 countries, described the matter as “positive news”, but stressed “the continued differences. “.
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