Connect with us


Nations reach preliminary deal on payments as climate talks grind through overtime

News Agencies



Governments from around the world reached a preliminary deal Saturday on paying the most vulnerable nations for the damage they’re suffering from climate change, negotiators said — a move that would represent a major concession from the United States and European Union.

Despite that milestone, talks in the two-week United Nations climate summit slogged into early Sunday local time in the Red Sea resort of Sharm El-Sheikh, Egypt, two days after the negotiations were supposed to have concluded. Nearly 200 nations still need to announce a final agreement on a host of issues, including whether they will commit to a broad phase-down of coal, oil and natural gas in an attempt to prevent a catastrophic warming of the Earth.

Organizers and delegates gave no hint of when the talks might conclude.

Final drafts of the texts, seen by POLITICO, showed that the deal on the damage fund remained intact despite a rough-and-tumble last few hours after an adverb describing vulnerable countries was changed from “particularly” to “especially.” Negotiators said the summit’s Egyptian presidency blamed the change on a typo.


Another part of the deal under negotiation said a process aimed at encouraging ever-more-rapid cuts to pollution “will not impose new targets or goals.” That’s a line that Europeans had fought hard to delete.

European regulators had threatened to walk out of the talks Saturday if countries didn’t agree to make stronger commitments to cut their greenhouse gas pollution. European officials accused reigning oil producer Saudi Arabia and major coal burner China of trying to water down the deal.

Still, a pivotal point in the talks came Friday, when negotiators said the United States made a significant break from its past positions by agreeing to the creation of a fund that would pay developing countries for the damage they’re suffering from climate damage. Washington has long opposed such a fund for fear it would expose the U.S. to legal action for all the carbon it has pumped into the atmosphere during the past century and a half.


Seve Paeniu, finance minister of the Pacific island nation of Tuvalu, confirmed Saturday that a deal had been reached to create a fund for payments, one of the most contentious issues at the summit.

At the same time, U.S. negotiators have insisted that China — the world’s second-largest economy and current leader in greenhouse gas pollution — contribute to any such fund. China, pointing to a 1992 U.N. agreement classifying it as a developing country, has argued that it should receive payments instead.


The U.S. resistance to a climate fund has drawn steady criticism from delegates representing countries imperiled by climate change, even as President Joe Biden has sought to use the summit to reassert American leadership on the fight against global warming.

An EU official said the not-yet-final deal “decides to establish new funding arrangements for assisting developing countries that are particularly vulnerable to climate change in responding to loss and damage.”

The same official said a clause in the draft text that referred to “identifying and expanding sources of funding” was a vague reference to expanding the base of countries that would contribute to the fund. The EU will work next year to ensure that that reference applies to countries such as China and Saudi Arabia.


The talks in Egypt set the stage for more conclusive negotiations at the next U.N. climate summit, scheduled for late 2023 in the United Arab Emirates. Those talks will try to develop more details on the design of the new fund.

But with major aspects of the negotiations still ongoing in Sharm El-Sheikh, particularly on a program to encourage steeper cuts in greenhouse gas emissions, Egyptian Foreign Minister Sameh Shoukry, who is leading the talks, cautioned against banking any single aspect of the agreement.

“I don’t want to speculate or to prejudice the ongoing discussions and negotiations,” he said.


Sara Schonhardt contributed to this report.

Continue Reading


Breaking News

Editor Pick’s

Latest Entertainment

Entertainment1 hour ago

‘Flashdance’ singer Irene Cara’s cause of death revealed

Irene Cara died on Nov. 25. (Photo: Jordin Althaus/WireImage) Irene Cara, best known for her work acting in ’80s movie...

Entertainment2 hours ago

Vanessa Hudgens Is Engaged to Professional Baseball Player  Cole Tucker

Cole Tucker and Vanessa Hudgens attend the 2021 AFI Fest Matt Winkelmeyer/Getty Vanessa Hudgens is officially a bride-to-be! The High...

Entertainment3 hours ago

Ex-pop star Gary Glitter freed from UK prison

LONDON (AP) — Former pop star Gary Glitter was released from prison in England on Friday after serving half of...

Entertainment3 hours ago

Joey Lawrence says the late Anne Heche was ‘an amazing light’ in his new movie ‘Frankie Meets Jack’

Joey Lawrence, the late Anne Heche and Lawrence’s wife, Samantha Cope, co-star in the new movie Frankie Meets Jack. (Photo:...

Entertainment11 hours ago

Nick Carter Countersues Women Who Accused Him of Sexual Assault: ‘Opportunists’

NEW YORK, NY – JUNE 26: Singer Nick Carter leaves the Ray Tamarra/GC Images Nick Carter is fighting back against...

Entertainment14 hours ago

Euphoria’s Chloe Cherry Facing Theft Charge for Allegedly Stealing $28 Blouse

Chloe Cherry Kirstin Sinclair/Getty Chloe Cherry has been charged with misdemeanor retail theft over an alleged incident that took place...

Entertainment15 hours ago

Dwayne Johnson Says His Mom Is ‘OK’ After Late-Night Car Accident, Will ‘Continue to Get Evaluated’

Dwayne Johnson and his mom, Ata Johnson arrive at the AFI FEST 2016 presented by Audi premiere of Disney’s “Moana”...

Entertainment15 hours ago

Bodies Believed to Belong to Rappers Missing Since Canceled Gig Found: ‘They Didn’t Deserve This’

Detroit police are searching for Armani Kelly, 38, Dante Wicker, 31 and Montoya Givens, 31 who appeared to have disappeared...


Latest Sports

Sports52 mins ago

Dan Orlovsky bizarrely claims Joe Montana not top-5 NFL QB all time

Dan Orlovsky unleashed a take regarding 49ers great Joe Montana that was so hot, it might have inadvertently scalded him...

Sports1 hour ago

Ford to rejoin Formula 1 in 2026 and team up with Red Bull Racing

Red Bull is currently running Honda engines under its own branding. It won the 2022 constructors' title and snapped an...

Sports2 hours ago

Brooks hits Mitchell in groin, both get ejected

Both Cavaliers star Donovan Mitchell and Memphis Grizzlies forward Dillon Brooks were ejected on Thursday night after a brawl broke...

Sports2 hours ago

Will Tom Brady re-sign with the Buccaneers for cap purposes?

Tom Brady is gone from Tampa Bay. He leaves behind a championship legacy — along with a $35.1 million cap...

Sports3 hours ago

Knicks’ RJ Barrett addresses frustration with benching against Lakers

Following Thursday's win, Knicks guard RJ Barrett addressed his frustrations with being benched against the Lakers on Tuesday.

Sports3 hours ago

Mavericks star Luka Doncic injures right foot after scary fall in win over Pelicans

Luka Doncic was ruled out with a right heel contusion on Thursday night, just days after he returned from a...

Sports4 hours ago

TNT’s Charles Barkley, Shaquille O’Neal tell Memphis Grizzlies to ‘quit talking, start playing’

On "Inside the NBA", Hall of Famers Shaquille O'Neal and Charles Barkley had something to say about the Grizzlies talking...

Sports4 hours ago

NHL rumors: Bruins ‘believed’ to be in the market for a left defenseman

The Bruins could use some more depth on the blue line, and they reportedly are targeting a defenseman who can...

Technology Hot News

Technology2 weeks ago

Led by "Amazon" and "Microsoft" .. the technology giants are planning to lay off 64,000 employees

After 10 years of driving the stock market bull run, big tech companies are racing to downsize staff to adapt...

Technology2 weeks ago

Apple introduces MacBooks with new M2 processors

Yesterday, Tuesday, Apple unveiled MacBooks powered by the new, faster “M2 Pro” and “M2 Max” processor chips, in a surprise...

Technology2 weeks ago

All you need to know about the upcoming Galaxy S23 phones from Samsung

Samsung has officially announced that the (Galaxy Unpacked 2023) event will be held this year on Wednesday, February 1, which...

Technology2 weeks ago

FTX Exchange Announces Hacking and Stolen $415 Million in Cryptocurrency

Bankrupt American cryptocurrency firm FTX announced today, Wednesday, that $415 million in cryptocurrency has been hacked and stolen from the...

Technology2 weeks ago

Because of a "fraudulent tweet"… Elon Musk's trial begins

Elon Musk's trial began Tuesday in San Francisco with the selection of jury members who will have to decide whether...

Technology2 weeks ago

An electric spoon replaces salt and spices, but with conditions

Experts have developed an electric spoon that is able to replace spices and flavors and affect the taste buds in...

Technology3 weeks ago

The biggest dangers of using tracking devices.. so you can escape?

If you spot an unknown Bluetooth tagging device, there are ways to disable the device so it can't track your...

Technology3 weeks ago

New Twitter.. For You tab to web version

The Twitter platform announced that it will bring the new tab (For You), which launched last Tuesday for iPhones and...