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Developing countries and the U.S. at odds over climate change compensation

Yahoo News · last updated

By the midpoint of the two-week marathon of negotiations at the United Nations Climate Change Conference in Sharm el-Sheikh, Egypt, it has become clear that the most difficult tension to resolve is between developed nations — most of all the United States — and their poorer counterparts over compensation for the effects of climate change.

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Related Knowledge Center: Climate diplomacy: COP 27

State of Play

The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.

But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.

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