Skip to main content

At COP27, Island Nations Seek Climate Compensation Fund From India, China

At COP27, Island Nations Seek Climate Compensation Fund From India, China

COP27: The EU and US have said that China, the world's biggestgreenhouse gas emitter, should pay.

Sharm el-Sheikh, Egypt:

Highly polluting emerging economies including China and India should pay into a climate compensation fund to help countries rebuild after climate change-driven disasters, the prime minister of island nation Antigua and Barbuda said on Tuesday.

The comments marked the first time the two nations have been lumped into the list of major emitters that island states say should be held to account for damage already being wrought by global warming.

Prime Minister Gaston Browne, speaking on behalf of the Association of Small Island States (AOSIS) negotiating bloc,told reporters the world's first- and third-biggest greenhouse gas emitters - though still emerging economies - have aresponsibility to pay into a fund.

Delegates at the conference agreed to put the topic of loss and damage onto the formal agenda for the first time in the history of international climate negotiations.

"We all know that the People's Republic of China, India - they're major polluters, and the polluter must pay," Brownesaid. "I don't think that there's any free pass for any country and I don't say this with any acrimony."

In U.N. climate talks, the phrase "loss and damage" refers to costs already being incurred from climate-fuelled weatherextremes or impacts, like rising sea levels.

To date, climate vulnerable countries have called on historical emitters like the United States, United Kingdom andthe EU to pay climate reparations. China itself has previously supported the creation of a lossand damage fund but has not said it should pay into it. The EU and United States have said that China, the world's biggestgreenhouse gas emitter, should pay.

India, though a top emitter, has per capita emissions that are significantly lower than the world average.

AOSIS wants a full commitment to launch a multibillion dollar fund by 2024.

Egypt's lead climate negotiator Mohamed Nasr told Reuters that the goal for the COP27 negotiations was to get some clarity on the way forward for loss and damage, but that there was still a wide range of views.

"Now we have a starting point, so it is more streamlined and more focused and hopefully by the end of the two weeks we'll have something that would identify the road map, the milestones to deliver," he said.

Over the coming year the goal would be to identify a mechanism for delivering loss and damage funding.

"We'll be looking at the different options. Is it a facility? Is it a new fund? Is it the existing funds? I meanthere are a lot of options," he said. "What we heard from many countries is that they want to keep their options open."

Another AOSIS negotiator, Deputy Environment Minister of International Cooperation Milagros De Camps, said from theperspective of island nations like hers that face more frequent and powerful natural disasters like hurricanes and cyclones the need for a new dedicated compensation fund is clear.

"We need specific fund fit for purpose... a separate operating entity," she told reporters. "This is a matter ofsurvival for small island developing states."

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Featured Video Of The Day

The Merit vs Quota Debate

Adblock test (Why?)



from NDTV News- Special https://ift.tt/eZjvg0p https://ift.tt/XE2Q5ao
via IFTTT

Comments

Popular posts from this blog

Barcelona Coach Xavi Banned For Two Games For Red Card In Season Opener

File image of Xavi Hernandez © AFP Barcelona coach Xavi Hernandez will serve a two-match suspension after being sent off in his team's La Liga season opener against Getafe, it was announced Wednesday. Xavi was punished for his touchline behaviour during Sunday's 0-0 draw at Getafe, in which Barcelona winger Raphinha also received a red card in the first half for elbowing an opponent. Former Barcelona midfielder Xavi was dismissed with 20 minutes to play after leaving his technical area to remonstrate with the fourth official over a refereeing decision. Referee Cesar Soto Grado said in his report that he had already warned Xavi, who was critical of the officiating in his post-match press conference. Xavi and Raphinha will both miss Sunday's game against Cadiz and the trip to Villarreal on August 27. Topics mentioned in this article Adblock test (Why?) from NDTV News- Special https://ift.tt/rYApZUa https://ift.tt/OEf5L2w via IFTTT

Mob Attacks Hindu Procession In Maharashtra's Thane, Case Filed: Cops

The incident took place on Sunday night on Lodha Road, police said. (Representational) Thane: A mob of 50-60 persons was booked by Mira Bhayander Vasai Virar police in Thane district for allegedly assaulting a man who was part of a procession on the eve of the idol consecration of the Ram Temple in Ayodhya, an official said. The incident took place on Sunday night on Lodha Road and as per the complainant the mob armed with iron rods, sticks, bats shouted religious slogans and assaulted him when he was part of a procession comprising three vehicles and 10 two-wheelers, the official said. They vandalised the car with stones and sticks, the man said in his complaint to Naya Nagar police station. "A case of attempt to murder and other offences has been registered against a mob of 50-60 persons. Further probe is underway," the official added. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) Adblock test (Wh

Twitter Launches Verified Accounts In 3 Colours

All verified individual humans will have same blue check on Twitter, Elon Musk said. Washington: Twitter's updated account verification program has finally launched. Earlier, every account had a blue tick now there is a development in which some accounts have turned Gold. Last month, CEO Elon Musk, took to the microblogging site to make the announcement. "Sorry for the delay, we're tentatively launching Verified on Friday next week." he posted. "Gold check for companies, grey check for government, blue for individuals (celebrity or not) and all verified accounts will be manually authenticated before check activates," the SpaceX owner added. He had earlier tweeted about the usage of different colours for different organisations and individuals but fleshed out the details just recently. "All verified individual humans will have same blue check, as boundary of what constitutes "notable" is otherwise too subjective." He tweeted. Ac