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Search resuls for: "Mohamed Nasr"


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A loss and damage fund would be the first United Nations mechanism dedicated to helping countries that have suffered irreparable climate-driven damage from drought, floods and rising sea levels. "There was a lot at stake at this meeting," Avinash Persaud, special envoy to the Prime Minister of Barbados and the country's representative on the U.N. committee, told Reuters. Developing nations argue that rich countries responsible for most of the historical CO2 emissions causing climate change should be obliged to pay - something the United States and other rich nations refused to accept. Mohamed Nasr, Egypt's lead climate negotiator and representative on the committee, told Reuters such pledges would be crucial to the overall COP28 negotiations. If rich nations fail to follow through, he said, it could reopen decades-old fights that have derailed past climate deals - with poorer nations demanding "compensation" from rich nations for causing climate change, or refusing to agree to cut emissions faster without substantially more financial support from rich countries.
Persons: Rula, U.N, Persaud, Jennifer Morgan, Mohamed Nasr, Nasr, Valerie Volcovici, Kate Abnett, Christina Fincher Organizations: Abu Dhabi Sustainability, REUTERS, COP28 Finance, Bank, United, Reuters, U.S . State Department, European Union, Climate, Thomson Locations: UAE, Abu Dhabi, United Nations, Dubai, Barbados, United States, U.S, Egypt, COP28, Germany, Europe's, Berlin
The comments marked the first time the two nations have been lumped into the list of major emitters that island states say should be held to account for damage already being wrought by global warming. "We all know that the People's Republic of China, India - they're major polluters, and the polluter must pay," Browne said. To date, climate vulnerable countries have called on historical emitters like the United States, United Kingdom and the EU to pay climate reparations. China itself has previously supported the creation of a loss and damage fund but has not said it should pay into it. The EU and United States have said that China, the world's biggest greenhouse gas emitter, should pay.
COP27 climate summit: Here's what to watch
  + stars: | 2022-11-06 | by ( Ella Nilsen | ) edition.cnn.com   time to read: +9 min
Given countries’ current promises, Earth’s temperature will climb to between 2.1 and 2.9 degrees Celsius by 2100. “No country has a right to be delinquent,” US Climate Envoy John Kerry told reporters in October. It is likely loss and damage will have space on the official COP27 agenda this year. And US officials often stress they want to also unlock private investments to help countries transition to renewables and deal with climate effects. Getty ImagesCOP27 is intended to hold countries’ feet to the fire on fossil fuel emissions and gin up new ambition on the climate crisis.
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