The Climate Summit closes, the historic agreement on compensation for poor countries is reached
World

The Climate Summit closes, the historic agreement on compensation for poor countries is reached

In the early hours of Sunday, the 27th United Nations Conference on Climate Change, which took place in the coastal city of Sharm el-Sheikh in Egypt, ended with a historic decision on compensation for poor countries.

The decision provides for compensation for all poor countries that suffer from extreme weather events such as droughts, floods and heat waves. These phenomena are exacerbated by the emission of harmful gases such as carbon dioxide from industrialized countries.

Meanwhile, poor countries, although they play a small role in the pollution of the atmosphere, which then affects global warming, suffer the worst consequences of climate change.

They had been pressing for 30 years for rich countries to help foot the bill for the “losses and damages” caused by global warming.

United Nations Secretary-General Antonio Guterres welcomed the decision in a tweet, but said more needed to be done to drastically reduce greenhouse gas emissions starting today. He urged all countries in the world not to slow down their fight against climate change.

“We can and must win this battle that is about our lives,” he added.

The 27th United Nations Climate Change Conference was held from November 6 to November 20 in Egypt. About 120 heads of state took part in the event and there were 35 thousand participants.