- At the world climate conference in Sharm El-Sheikh, Egypt, the states agreed on a final declaration.
- The agreement stipulates that poorer countries suffering from climate change should be compensated.
- A fund is to be set up for the payments.
At the world climate conference in Egypt, the tough dispute over compensation payments for poor countries that are particularly suffering from the climate crisis was settled. A new financial pot is to be set up, as news agencies report. The payments are intended to help cushion the fatal consequences of global warming such as droughts, floods and hurricanes, but also rising sea levels and desertification.
The World Climate Conference in Sharm El-Sheikh, Egypt, should have ended on Friday. But because representatives of more than 190 countries were unable to agree on a joint final declaration for a long time, it was still in progress until Sunday morning.
Draft wants to postpone controversial points until next year
The draft of the final declaration provides for the clarification of many controversial points to be postponed until next year – above all the question of how the fund should be financed. A so-called transition committee is to develop recommendations that could then be adopted at the COP28 in November 2023.
In the draft for the final paper, the states are also asked to improve their largely inadequate climate protection plans by the next climate conference at the latest, which will take place in the United Arab Emirates at the end of 2023. This remains voluntary, there is no obligation.
In the eleven-page paper by the Egyptian conference leadership, all countries are also calling for a gradual phase-out of coal. However, the demand by a number of states and climate activists to also bid farewell to oil and gas is not taken up.