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Climate Politics

COP27 Debates Who Pays for Climate Damage as Egypt Urges Deal

  • Mauritius wants China and India to contribute to any new fund
  • EU’s climate chief says final details can wait until after COP
Bloomberg business news
WATCH: COP27 President Sameh Shoukry discusses progress on a climate deal.Source: Bloomberg
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The president of COP27 is optimistic that a deal on loss and damage can be reached this week, despite disagreements over who should pay for destruction caused by climate change. 

“I certainly will work to reach that landing zone” in a way that’s satisfactory, Egyptian Foreign Affairs Minister Sameh Shoukry, the president of the conference, said in an interview with Bloomberg TV.