COP27 puts climate compensation on agenda for first time

SHARM EL-SHEIKH, Egypt: Delegates at the UN's COP27 climate summit in Egypt agreed on Sunday to discuss whether rich nations should compensate poor countries most vulnerable to climate change for their suffering.

"This creates for the first time an institutionally stable space on the formal agenda of COP and the Paris Agreement to discuss the pressing issue of funding arrangements needed to deal with existing gaps, responding to loss and damage," COP27 president Sameh Shoukry told the opening plenary. The item was adopted to the agenda in Sharm el-Sheikh, Egypt, on Sunday, as world leaders arrived for the negotiations scheduled to run through Nov 18.

Much of the tension at COP27 is expected to relate to loss and damage - funds provided by wealthy nations to vulnerable lower-income countries that bear little responsibility for climate-warming emissions.

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Loss and damage added to COP27 agenda, as climate negotiations begin in EgyptSHARM EL-SHEIKH, Egypt: The UN climate change summit COP27 officially opened on Sunday (Nov 6), with negotiations to formally include loss and damage for the first time. Egypt took over the presidency from the United Kingdom amid calls for urgent action on climate change, implementation of previous climate
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