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EU countries negotiates on climate compensation for COP27

in Foreign
Reading Time: 2 mins read
0
Damilare Aanuby Damilare Aanu
October 24, 2022

Ministers from European Union (EU) countries will on Monday attempt to agree on their negotiating position for this year’s U.N. climate talks, including on the contentious topic of compensation for the damage climate change is inflicting on the world’s poorest.

The European Union, which is the world’s third-biggest emitter of greenhouse gases, is facing pressures from developing nations to soften its long-standing resistance to compensation for the “loss and damage” wrought by floods, rising seas and other climate change-fuelled impacts.

We will bring ideas to the table to make sure that adaption, loss and damage are addressed in a way that developing countries see as positive.

I think it’s extremely important that the EU plays that role, EU climate policy chief Frans Timmermans said.

However, a draft of the EU’s negotiating position for the United Nations summit in November, which will be attempted to be approved by climate ministers at Monday’s meeting, showed the 27-nation bloc would support talks on the topic at the COP27 gathering in Egypt.

If it is approved, it could represent a breakthrough, since even getting the issue of loss and damage on to the summit’s agenda has proved contentious amid divergent views among rich and poor nations about where those talks should lead.

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Although developing countries say COP27 must establish a fund to support countries struck by climate impacts like the floods in Pakistan this year that killed nearly 1,700 people.

Ministers will also get to decide whether the EU should commit to upgrade its own climate change target to be more ambitious.

Some mediators have said that some member-countries were still at odds over whether to agree to raise the target by a certain date, or whether to preemptively agree to upgrade it at all.

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LATEST UPDATES

Japan’s justice minister resigns after death penalty quip

November 11, 2022

Quinquagenarian docked for alleged wilful damage, land grabbing

November 11, 2022

Mitigating impact of emerging biosecurity threats

November 11, 2022

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Japan’s justice minister resigns after death penalty quip

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