Confusion, finger-pointing, opposing views at Egypt’s COP27

  • Date: 18-Nov-2022
  • Source: The Economist
  • Sector:Oil & Gas
  • Country:Egypt
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Confusion, finger-pointing, opposing views at Egypt’s COP27

Demonstrators participate in a sit-in calling for reparations for loss and damage at the COP27 U.N. Climate Summit, Thursday, Nov. 17, 2022, in Sharm el-Sheikh, Egypt. (AP Photo/Peter Dejong)

SHARM el-SHEIKH, Egypt (AP) — A day before UN climate talks were supposed to wrap up, negotiators appeared to be far apart on all the major issues being discussed.

Will countries get behind a proposal to phase down all fossil fuels? Will the demands of developing nations that rich countries compensate them for climate impacts be part of a final deal? What about calls to lower interest rates and overhaul how world financing works so that developing nations can invest in green energies?