COP27 climate talks go into overtime in bid for elusive consensus

$4tn a year must be spent on renewables, no details on 'loss and damage:' draft

Developing nations at the summit continue to press for a fund that will compensate countries hit by climate-related disasters. © AP

SAYUMI TAKE, KAZUNARI HANAWA, and JUNYA IWAI, Nikkei staff writers

November 19, 2022 06:34 JST

SHARM EL-SHEIKH, Egypt -- Negotiators from nearly 200 countries have entered another long night as the COP27 United Nations climate conference, due to end Friday, spills over into the weekend in hopes of reaching a consensus on disaster compensation and emissions reductions.

"I remain committed to bring you this conference to a close tomorrow in an orderly manner," said Egypt COP27 President Sameh Shoukry in a meeting with climate delegation heads on Friday afternoon.