A Showdown Over Climate Reparations Is Brewing — and It Will Determine the Success of the COP27 Summit
CNBC | November 4, 2022 | Sam MeredithThe success or failure of the U.N.’s flagship climate conference is likely to depend on getting wealthy countries to deliver on reparations — a highly divisive and emotive issue that is seen as a fundamental question of climate justice.
It comes amid growing calls for rich countries to compensate climate-vulnerable nations as it becomes harder for many people to live safely on a warming planet.
Reparations, sometimes referred to as “loss and damage” payments, are likely to dominate proceedings at COP27, with diplomats from more than 130 countries expected to push for the creation of a dedicated loss and damage finance facility.
Straight Line of the Day: How do you recognize a “climate-vulnerable nation”?
