The sun has set here in #SharmElSheikh but there's still no #COP27 deal, 24 hours after talks were supposed to end.
However we may be close, as there appears to be a breakthrough on #LossAndDamage. All eyes on 🇺🇸 to see if they'll accept it.
However we may be close, as there appears to be a breakthrough on #LossAndDamage. All eyes on 🇺🇸 to see if they'll accept it.
I'm hearing there's been a shift from the Americans in the last hours here at #COP27.
They are ready to agree to creating a fund to help poor countries deal with the consequences of climate change - but only if it doesn't tie compensation to a determination of liability.
They are ready to agree to creating a fund to help poor countries deal with the consequences of climate change - but only if it doesn't tie compensation to a determination of liability.
This #LossAndDamage u-turn is a big step by 🇺🇸and would not have been possible without the 🇪🇺's surprise reversal to its opposition on Thursday.
It may be that the Americans feel backed into a corner by the Europeans here - Biden doesn't want to be the villain who killed #COP27
It may be that the Americans feel backed into a corner by the Europeans here - Biden doesn't want to be the villain who killed #COP27
But both 🇺🇸&🇪🇺 want #COP27 to agree to increased emissions reduction ambition in return for giving the nod to #LossAndDamage fund.
Both are right now pushing for final text to include language referring to a phasedown of *all* fossil fuels.
🇨🇳 & developing countries resisting.
Both are right now pushing for final text to include language referring to a phasedown of *all* fossil fuels.
🇨🇳 & developing countries resisting.
And we have a #COP27 deal.
They agreed to set up a #LossAndDamage fund at #COP28 next year. It’s a historic shift - the first time this concept has been approved by developed countries.
But there’s little detail, with decisions on who pays and who receives delayed to next year
They agreed to set up a #LossAndDamage fund at #COP28 next year. It’s a historic shift - the first time this concept has been approved by developed countries.
But there’s little detail, with decisions on who pays and who receives delayed to next year
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