COP27 puts climate compensation on agenda for first time

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SHARM EL-SHEIKH, Egypt, Nov 6 (Reuters) - Delegates astatine the the U.N.'s COP27 clime acme successful Egypt agreed to sermon whether affluent nations should compensate mediocre countries astir susceptible to clime alteration for their suffering.

"This creates for the archetypal clip an institutionally unchangeable abstraction connected the ceremonial docket of COP and the Paris Agreement to sermon the pressing contented of backing arrangements needed to woody with existing gaps, responding to nonaccomplishment and damage," COP27 president Sameh Shoukry told the opening plenary.

The point was adopted to the docket successful Sharm el-Sheikh, Egypt, connected Sunday, arsenic satellite leaders arrived for the negotiations scheduled to tally done Nov. 18.

Much of the hostility astatine COP27 is expected to subordinate to nonaccomplishment and harm - funds provided by affluent nations to susceptible lower-income countries that carnivore small work for climate-warming emissions.

At COP26 past twelvemonth successful Glasgow, high-income nations blocked a connection for a nonaccomplishment and harm financing body, alternatively supporting a caller three-year dialog for backing discussions.

The nonaccomplishment and harm discussions present connected the docket astatine COP27 volition not impact liability oregon binding compensation, but they are intended to pb to a conclusive determination "no aboriginal than 2024," Shoukry said.

"The inclusion of this docket reflects a consciousness of solidarity for the victims of clime disasters," helium added.

Reporting by Gloria Dickie, editing by Wiliam James, William Maclean and Barbara Lewis

Our Standards: The Thomson Reuters Trust Principles.

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