surprise proposal from Europe to unblock the negotiations

by time news
Thursday, in Sharm el-Sheikh (Egypt), Europe also proposed to finance the “loss and damage” fund with a tax on fossil fuels, air and maritime transport. MOHAMED ABD EL GHANY/REUTERS

Brussels demands that China contribute to the “loss and damage” fund for the most vulnerable countries.

From our special correspondent in Sharm el-Sheikh

This is a familiar twist to participants in the annual meetings of the UNFCCC (United Nations Framework Convention on Climate Change) and, in particular, COP27, which is being held in Sharm el-Sheikh (Egypt) this year. . At the last moment, everything can change. Thursday evening, the representatives of nearly 200 countries wondered if the negotiated agreement would not favor a decline in the fight against global warming, compared to the commitments of the Paris agreement, improved last year. in Glasgow. Discussions were stalling on all issues, but at 10.30 p.m. on Thursday evening, Frans Timmermans, the European Commissioner responsible for negotiations for the twenty-seven member countries, proposed the creation of a fund for “loss and damage” to help poor countries that suffer irreparable damage from climate disasters. It was an insistent request from the poorest countries.

Three terms…

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