The European Union, considering it “unacceptable”, rejected the proposal of Egypt, the host country for COP27, to reach an agreement at the climate summit. This was stated by a French official, explaining that the proposal is not ambitious enough to reduce carbon dioxide emissions. The French Ministry of Energy Transition official argues, referring to the results of the 2021 COP26: “At this stage, the Egyptian presidency is questioning the steps taken in Glasgow on reducing emissions. This is unacceptable for France and EU countries,” he added.
The European Union is ready to abandon the negotiations at the COP27 conference in Sharm el-Sheikh if a satisfactory agreement on exemption from losses and damages caused by global warming is not reached, because “no agreement is better than no agreement.” Commission Vice President Frans Timmermans told reporters this morning.
The EU wants the fund deal to have a broad donor base and be linked to maintaining a 1.5 degree global warming limit.
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