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COP27 summit to begin with plea to discuss climate compensation

World Materials 6 November 2022 14:21 (UTC +04:00)

The U.N. climate summit, COP27, opens in Sharm El Sheikh, Egypt on Sunday amid growing calls for rich countries to compensate poorer nations most vulnerable to climate change, Trend reports citing Reuters.

Much of the tension surrounding COP27 is expected to relate to loss and damage - compensation funds provided by wealthy nations to vulnerable lower-income countries that bear little responsibility for climate-warming emissions.

Delegates will begin the two-week negotiation process by approving the conference agenda during the opening plenary session, with all eyes on whether wealthier nations agree to have the compensation listed formally on the agenda.

Diplomats from more than 130 countries are expected to push for the creation of a dedicated loss and damage finance facility at COP27.

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