Biden-Xi climate cooperation to energise COP27 negotiations

SHARM EL-SHEIKH, Egypt: US President Joe Biden and Chinese leader Xi Jinping agreed on Monday to resume cooperation on climate change and other issues, offering a boost to bogged down and behind schedule negotiations at the COP27 climate summit in Egyptmet at the G20 summit on the Indonesian island of Bali

News of the rapprochement came just as COP27 climate negotiators at the Red Sea resort of Sharm el-Sheikh were looking for a sign that G20 nations were willing to stump up more cash and fresh commitments in the fight against rising global temperatures. “This unequivocal signal from the two largest economies to work together to address the climate crisis is more than welcome; it’s essential," Bapna said.Heading into the last week of the two-week conference progress has been slow, frustrating negotiators who are struggling to find consensus on how rich countries should help developing nations meet the cost of climate-fuelled disasters.

Progress from the G20 group of the world's wealthiest economies - and also its largest emissions producers - could come in the form of both cash and political signalling.

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