Negotiators were poised to make a final push for a deal at the COP27 climate talks in Egypt as persistent disagreements over money forced the two-week talks into overtime.
SHARM EL-SHEIKH, Egypt - Negotiators were poised to make a final push for a deal at the COP27 climate talks in Egypt on Saturday, as persistent disagreements over money forced the two-week talks into overtime.
The outcome of the conference, which was meant to end on Friday, is widely seen as a test of global resolve to fight climate change, as a war in Europe and rampant consumer inflation distract international attention. But it left crucial issues unresolved, including the main sticking point between rich and poor nations of how to compensate countries already ravaged by climate-driven floods, droughts, mega-storms and wildfires.
But it was unclear on Friday whether developing countries would accept the EU's stipulation that the funding come from a broad base of countries including China, and that only "the most vulnerable countries" benefit from the aid.Some countries, including the EU and Britain, have also pushed for the overall deal in Egypt to lock in country commitments for more ambitious climate action.
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