After days of intense negotiations that stretched into the early morning on Sunday, countries at the UN COP27 climate summit in Egypt agreed to establish a compensation fund for developing nations suffering from climate change impacts.
COP27 is expected to last beyond its Friday deadline and into the weekend as negotiations between rich and poor nations over a reparations fund remain undecided. The latest version of the framework released on Friday has been criticized for being lengthy, unclear, and vague.
As Egypt hosts COP27, an investigation by BBC News Arabic has found that the country's Ras Shukeir oil terminal is dumping the equivalent of 16 Olympic-sized swimming pools of minimally treated wastewater into the Red Sea daily.
The family of imprisoned Egyptian-British activist Alaa Abd el-Fattah announced on Tuesday that he wrote a letter to them stating that he had broken his months-long hunger strike despite not being released.
On Mon., the world's three largest rainforest-holding nations — Brazil, the Democratic Republic of Congo, and Indonesia — formally launched an alliance aimed at preserving these ecosystems. The three countries represent 52% of the world's total tropical rainforests.
Fresh data released Friday at the COP27 climate summit show that carbon dioxide emissions from fossil fuels are expected to rise 1% in 2022 to reach an all-time record.
Speaking at the COP27 climate conference in Egypt on Wednesday, China's climate envoy Xie Zhenhua said his nation would be willing to help create a mechanism to help poorer countries negatively impacted by climate change. However, he noted that China has no obligation to do so.