COP27 climate conference: S’pore’s key role and the battle over finance

Rising sea levels and weather disasters are hitting poorer nations hardest. Facing devastating impacts and rising debt, they want next month’s COP27 climate talks in Egypt to deliver a dramatic boost in finance to help them adapt to climate change and compensation for growing loss and damage. Can COP27 deliver? The Straits Times looks at the key issues and what they mean for Singapore.

These talks could eventually lay the foundations for Singapore to buy carbon credits from a variety of sources – similar to the nation’s strategy of diversifying imports of food and energy. Mr Chia, 46, is the only Singaporean on the supervisory body, which was set up by the UN in July. There are 24 members on the panel, including representatives from Trinidad and Tobago, Poland and Ukraine.

Yeah, the World will end pretty soon....

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COP27 faces huge gulf in climate finance for most needy nationsThe poorest and most vulnerable nations have been pushing hard for loss and damage funding Read more at straitstimes.com.
Fonte: STForeignDesk - 🏆 4. / 71 Consulte Mais informação »