Island States Seek Climate Compensation Funds From India, China

At COP27, Island States Seek Climate Compensation Funds from India, China

COP27: EU and US have said that China, the world’s biggest greenhouse gas emitter, should pay the price.

Sharm el-Sheikh, Egypt:

The Prime Minister of Antigua and Barbuda said high-polluting emerging economies including China and India should pay into climate compensation funds to help countries rebuild after disasters caused by climate change. .

The comments mark the first time the two countries have been included in a list of major emitters that the island nations say should be kept in order to address the damage caused by global warming.

Prime Minister Gaston Browne, on behalf of the Association of Small Island States (AOSIS) negotiating bloc, told reporters that the world’s first and third largest greenhouse gas emitters – although still the emerging economies – have a responsibility to pay into the fund.

Delegates at the conference agreed to bring up the topic of loss and damage for the first time in the history of international climate negotiations.

“We all know that People’s Republic of China, India – they are big polluters and polluters pay,” said Brownesaid. “I don’t think any country has free tickets and I don’t say this with any words.”

In the UN climate negotiations, the phrase “loss and damage” refers to costs already incurred from climate-induced effects or events, such as sea level rise. high.

So far, climate vulnerable countries have called on historic emitters like the US, UK and EU to pay climate compensation. China itself has previously advocated the creation of a loss and damage fund but has not said it should put money into it. The EU and US have said that China, the world’s biggest greenhouse gas emitter, should pay the price.

India, despite being a leading emitter, has emissions per capita that are significantly lower than the world average.

AOSIS wants a full commitment to launch a multi-billion dollar fund by 2024.

Egypt’s top climate negotiator, Mohamed Nasr, told Reuters that the goal of the COP27 negotiations was to get clarity on the way forward towards losses and damages, but there was still many points of view.

“We have a starting point now, so it’s more streamlined and focused, and hopefully by the end of two weeks we’ll have something definite,” he said. , milestones for implementation.

Over the next year, the goal will be to define a mechanism that provides loss and damage funding.

“We’re going to look at different options. Is it an establishment? Is it a new fund? Is it an existing fund? I mean there are a lot of options,” he said. “What we hear from many countries is that they want to keep their options open.”

Another AOSIS negotiator, Undersecretary for Environment at the Department of International Cooperation Milagros De Camps, said from the personal perspective of island nations like hers that are facing frequent and severe natural disasters. than hurricanes and tornadoes, the need for a new dedicated compensation fund is clear.

“We needed the suitability of the specific fund for the purpose … a separate operating organization,” she told reporters. “This is a problem for small island developing nations.”

(This story has not been edited by NDTV staff and is automatically generated from the syndication feed.)

Featured video of the day

Governor vs 3 opposition-led governments in southern states


Goz News: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably.

Related Articles

Back to top button