COP27 climate negotiators scramble for deal with summit in overtime

  • Date: 19-Nov-2022
  • Source: Money Control
  • Sector:Oil & Gas
  • Country:Egypt
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COP27 climate negotiators scramble for deal with summit in overtime



The outcome of the conference, which was meant to end on Friday, aims to strengthen global resolve to fight climate change, even as a war in Europe and rampant consumer inflation distract international attention.











Reuters









November 19, 2022 / 03:37 PM IST





(Image: AP)



Countries were struggling to reach agreement at the COP27 climate talks in Egypt on Saturday, with some threatening to walk away if negotiators failed to make progress on fighting climate change.

With the talks already in overtime, officials from the 27-country European Union said they were worried about a lack of progress overnight and even the possibility of backsliding from parts of the COP26 climate deal agreed in Glasgow, Scotland, last year.

"All (EU) ministers … are prepared to walk away if we do not have a result that does justice to what the world is waiting for – namely that we do something about this climate crisis," EU climate policy chief Frans Timmermans told reporters on the sidelines of the summit.

"We'd rather have no decision than a bad decision."

The outcome of the conference, which was meant to end on Friday, aims to strengthen global resolve