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COP27 in Egypt. Will rich nations fulfil their promises to help poor countries to fight global heating?

Tens of thousands of people will be jetting to an Egyptian holiday resort
beside the Red Sea this weekend in an effort to tackle climate change. It
sounds like a joke, but this latest UN climate summit – COP27 – is reckoned
to be the world’s best hope of progress on the climate issue.

Progress is certainly needed. The global effort to cut emissions is “woefully
inadequate” and means the world is on track for “catastrophe”, the UN
warned last week.

But the meeting in Sharm El-Sheikh is shaping up to be a
prickly and confrontational affair. The Egyptian hosts have set themselves
a tough challenge. Last year’s UN climate conference in Glasgow delivered a
host of pledges on emissions cuts, finance, net zero, forest protection and
more. Egypt says their conference will be about implementing these pledges.

What that really means is it will be all about cash, and specifically
getting wealthy nations to come good on their promises of finance to help
the developing world tackle climate change. So expect the main battle lines
to be between the north and south, between rich and poor nations.

BBC 4th Nov 2022


November 3, 2022 - Posted by | 2 WORLD, climate change

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