COP27 Developing Countries Demand ``Creation of Fund'' Discrepancies between Developed Countries Cautious about Funds

At the United Nations conference on climate change countermeasures, COP27, Minister of the Environment Nishimura announced that he is considering providing new funds for developing countries that are suffering from the adverse effects of climate change.

On the other hand, developing countries are calling for the establishment of a fund to provide financial support rather than individual support, and the gap between developed countries and developed countries, which are cautious about establishing a fund, is widening.

At "COP27" held in Egypt, negotiations are continuing on the modality of financial support specializing in "loss and damage" caused by the adverse effects of climate change.

Minister Nishimura, who is participating in COP27, delivered a speech at a ministerial-level meeting on the 15th, saying, "Japan is experiencing the threat of typhoons and other natural disasters. Developing countries are highly interested in 'loss and damage.' I understand firsthand the need to strengthen support for

In addition, as support for damage in developing countries, efforts will be made to promote the spread of "early warning systems" that convey disaster risks using weather radars, etc. He said he was considering making his first contribution to a bank-run fund.

Some developed countries have come up with concrete support for the damage, such as German Chancellor Scholz, who announced financial support of 170 million euros and more than 24.9 billion yen in Japanese yen.

On the other hand, Prime Minister Fiame of Samoa, a Pacific island nation, said, "The financial burden of 'loss and damage' is mostly borne by countries affected by climate change. Damage response funds are a priority." Developing countries that are seriously affected by extreme weather events such as these are calling for the establishment of a fund to provide financial assistance that specializes in "loss and damage" rather than individual assistance.

Developed countries are cautious about establishing a fund, and the gap between them and developing countries is deepening, and future negotiations are expected to be difficult.