ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Pakistan, island states dig in at COP27 over climate compensation

Rift over loss and damage overshadows talks as summit clock ticks down

Flooding on the outskirts of Bhan Syedabad during Pakistan's monsoon season in September.   © Reuters

SHARM EL-SHEIKH, Egypt/LONDON -- With less than 72 hours left of the United Nations climate conference and much to sort out, delegations and observers are pessimistic over whether the positional rifts can be bridged enough by Friday to combat the escalating threats of global warming.

Addressing loss and damage is one of the key issues where countries remain divided. A group of 134 developing countries chaired by Pakistan submitted on Tuesday a detailed proposal stating the "urgent and immediate need for new, additional, predictable, and adequate financial resources" to pay the costs of lost lives and damaged livelihoods caused by climate change.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more