The United Nations Conference on Climate Change (COB 27) is taking place today, Sunday, amid growing calls for wealthy nations to compensate the poorest and most vulnerable nations for the effects of climate change.
It is anticipated that the majority of the current tension (Cope 27) will be related to the losses, damages, and compensation packages provided by wealthy nations to low-income countries exposed to the greatest risk of climate change, despite these nations having little involvement in the harmful emissions that contributed to the Earth’s high temperature.
The conference’s agenda is agreed upon by the delegates during the inaugural plenary session, which kicks off a two-week negotiating process. All eyes will be on whether the richest nations would agree to the formal compensation issue on the agenda.
The implementation of structures to allow financing for losses and damage in the 27 cup is the sole expense that diplomats from more than 130 nations are expected to cover.
The high -income countries in a cup 26 did not agree last year in Glasgow on a proposal to establish a financing entity for losses and damage, and instead supported a new dialogue over three years of financing discussions.
Policymakers will decide today whether to include the session that is currently scheduled to discuss the losses and harm to the original agenda in the summit’s official agenda.
The “COP 27” summit gets underway in Egypt with calls to talk about compensating those hurt by climate change.
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