SDG 8: Decent Work and Economic Growth

EU shakes up climate talks with surprise disaster fund offer.

Minutes after the United Nations summit’s chairman warned delegates that “we are not where we need to be in order to close this conference with tangible and robust outcomes,” the EU’s top climate official made a surprise offer. To applause, he proposed a two-pronged approach that would create a pot of money for poor countries and push for steeper cuts of heat-trapping emissions by all countries, as well as the phasing down of all fossil fuels, including natural gas and oil.

United Nations Secretary-General Antonio Guterres, left, looks at Sameh Shoukry, president of the COP27 climate summit, right, during the COP27 U.N. Climate Summit, Thursday, Nov. 17, 2022, in Sharm el-Sheikh, Egypt. (AP Photo/Peter Dejong)

The issues of compensation and pollution-cutting “are two sides of the same coin as far as the European Union is concerned,” said European Union Executive Vice President Frans Timmermans, making clear that the 27-nation bloc won’t offer more money unless there are concessions on emissions targets.


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