Climate conference in Egypt – Deal for compensation for vulnerable states is in place – News

  • 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.

Negotiations into the night


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Deep concern erupted in negotiating circles on Saturday night after delegations were only able to see draft texts submitted by the Egyptian Presidency on the status of the negotiations for just a few minutes. “It’s extremely unusual,” said a negotiator about the final sprint.

The delegations should not have taken the text with them, but only looked at it for 20 minutes and then commented briefly. In the passages dealing with the containment of global warming in particular, the text is “the opposite of what needs to happen,” reported a concerned delegate. German Foreign Minister Annalena Baerbock referred to suggestions that were circulating that no state would have to increase its climate protection ambitions in the next ten years. “Then the 1.5 degree target would die here at this conference. And the European Union is not going along with that, »she emphasized.

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.

Legend:

The entrance to the Sharm El-Sheikh International Convention Center grounds during the COP27 climate summit.

REUTERS/Mohamed Abd El Ghany

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.

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