- Egypt, which is hosting the upcoming COP27 climate summit, is working on how to include compensation for economic losses caused by climate catastrophes on the formal agenda of the November summit, as pressure grows from vulnerable countries to prioritise the issue.
- Including “loss and damage” on the agenda is a complicated task because lower-income and climate-vulnerable countries are seeking compensation for damages from climate-induced extreme weather events while industrialised nations are wary of creating a fund because of the liabilities they may face.
- The upcoming COP27 summit in November comes at a critical time, with several complicating factors, including a slow post-pandemic recovery and the dramatic consequences of the war in Ukraine.
Egypt pushes ‘loss and damage’ at top of UN climate summit agenda
