SHARM EL SHEIKH, 18 November 2022, (TON): UN chief Antonio Guterres urged rich and developing nations to stop the “finger pointing” at deadlocked climate talks and reach a deal on covering the losses suffered by vulnerable countries battered by weather disasters.
With the two-week COP27 conference in Egypt officially due to wrap up on Friday, negotiators faced a long night as they scrambled to find a compromise over the contentious issue of “loss and damage” and prevent the talks from collapsing.
Guterres said “there was clearly a breakdown in trust between developed and emerging economies, adding that the most effective way to build confidence would be to find an ambitious and credible agreement on loss and damage and financial support for vulnerable countries.”
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