The final day of the United Nations conference on climate change countermeasures "COP27" was on the 18th, but the gap between developing countries and developed countries over financial support for "loss and damage" caused by climate change has not been closed. Negotiations are facing difficulties, including the growing prospect that the postponement of the exhibition is unavoidable.
COP27, which opened in Egypt on the 6th of this month, will reach its final day on the 18th and final negotiations will be held.
According to negotiators, there is an ongoing conflict between developing countries seeking the creation of a fund and cautious developed countries over financial support specifically for "loss and damage" from climate change.
Under these circumstances, regarding financial support, the EU said on the 17th, "We would like to propose the establishment of a fund to respond to loss and damage in the most vulnerable countries. We would like to receive funds for this purpose from a wide range of donors." He presented a compromise plan that would focus on the most vulnerable countries rather than developing countries as a whole, and seek contributions not only from developed countries but also from emerging countries and others.
However, according to the people involved in the negotiations, the chairman's draft of the outcome document was finally presented on the final day. is.
Egypt's Foreign Minister Shoukry, who will chair COP27 this time, expressed a sense of crisis in the difficult negotiations, saying, "We have a grave responsibility, and we must resolve it quickly."
The conference is facing a critical moment as to whether it is possible to reach a consensus on global issues that transcend differences in standpoints.