The European Union raises hopes for progress at the COP27 climate conference

The European Union raises hopes for progress at the COP27 climate conference
The European Union raises hopes for progress at the COP27 climate conference

The European Union raises hopes for progress at the COP27 climate conference

The European Union revived hope for progress at the UN climate conference COP27 on Friday, saying it will support one of the toughest items on the summit’s agenda: funding for countries hit by climate change-related disasters.

But with several other sticking points at this year’s United Nations climate talks due to conclude today, host country Egypt said a final deal is not expected before the weekend.

“I remain committed to ending this conference in an orderly manner tomorrow, with the adoption of a set of consensus decisions that will be comprehensive, ambitious and balanced,” COP27 President Sameh Shoukry told reporters in English.

The conference, which lasted almost two weeks in the Red Sea resort of Sharm el-Sheikh, is a test of the world’s resolve to tackle global warming at a time when storms, floods, droughts and wildfires have swept governments’ attention court war in Europe and rising inflation.

Negotiations were revived after the bloc said late Thursday it would back a motion by a group of 77 of the 134 developing countries to set up a fund to help countries deal with irreparable “losses and damage” from climate change.

However, it was not clear on Friday whether all of these countries would accept the European Union’s offer of funding to help only the “vulnerable countries” rather than all developing countries, as it had called for.

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