Developed or developing? China question divides COP27 as Bowen meets counterpart | Nick O'Malley
Climate Change and Energy Minister Chris Bowen has met with Chinese Climate envoy Xie Zhenhua at the COP27 climate talks in Egypt as contentious finance negotiations dragged on into the night, with no end in sight.
“While we may have some differences, every relationship is made better through dialogue. And it’s a good thing we were able to kick that off on climate at COP27.”Leaders at the G20 had issued a declaration agreeing to pursue efforts to hold global warming to 1.5 degrees in an apparent bid to energise UN climate talks in Egypt, where ministers have so far been unable to agree on establishing a facility for the developed world to provide so-called loss and damage finance to poorer countries.
The US and a handful of European nations have led opposition to the fund, fearing it would open the door to admitting culpability for climate change with potential future legal implications. Late on Thursday night Timmermans addressed the conference saying the EU could support the creation of a fund if it was for “the most vulnerable countries” only, and if it had a “broad donor base”.
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