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

Pay for climate change, Pakistan and others tell rich nations

Prime Minister Sharif calls his country's floods a 'man-made disaster' at COP27

Pakistani Prime Minister Shehbaz Sharif speaks at the COP27 climate summit in Egypt's Red Sea resort of Sharm el-Sheikh on Nov. 8.   © Reuters

SHARM EL-SHEIKH, Egypt -- Leaders of developing countries unleashed a torrent of criticism against rich industrialized nations over unkept promises on climate action, demanding payments for the resulting economic losses in speeches at the United Nations climate conference on Tuesday.

The world has seen another year of extreme weather, from droughts to heat waves to floods, since last year's climate meeting in Glasgow, Scotland. Still reeling from catastrophic flooding that cost it an estimated $30 billion-plus, Pakistan made a powerful plea for compensation from the developed world for "loss and damage."

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