A tremendous amount of work is needed to turn a draft COP27 text into something all parties can agree on, European Union Climate Policy Chief Frans Timmermans told Reuters on Thursday.
", or how to provide financial support for countries hit by huge economic loss and irreparable damage as a result of climate change-driven disasters.
Campaigners and vulnerable countries have welcomed the funds, which add up to hundreds of millions of euros, but said one-off donations are no substitute for a fund to consistently address the hundreds of billions of dollars in losses climate-ravaged countries face each year.
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COP27 draft climate deal retains 1.5C limit, but many issues unresolvedThe first draft of a deal being hashed out at the COP27 climate summit in Egypt would keep a target of limiting global warming to 1.5 degrees Celsius, but leaves many of the most contentious issues in the talks unresolved ahead of a Friday deadline.
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U.N. publishes draft COP27 climate dealThe U.N. climate agency published a first draft on Thursday of a hoped-for final agreement from the COP27 climate summit, repeating many of last year's goals while leaving contentious issues still to be resolved.
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As COP27 Failure Looms, Climate Movement Demands: 'Phase Out All Fossil Fuels''This is our rallying cry,' says 350.org's May Boeve, 'holding governments to account and demanding that an equitable, managed, and just phaseout of all fossil fuels must be in the cover decision of COP27.'
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COP27: Climate talks get boost from G20 declarationSupport for an ambitious global warming deal by world leaders during a G20 meeting in Bali on Wednesday has given a lift to climate negotiations at the COP27 summit running in parallel in Egypt.
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