Focus topics


China is willing to compensate poor countries for climate damage

China would be willing to contribute financially to a compensation mechanism for poorer countries for losses and damages caused by climate change. Chinese climate envoy Xie Zhenhua said at the United Nations COP27 climate summit in Sharm El-Sheikh, Egypt, on Wednesday. “It is not the obligation of China but we are willing to make our contribution and make our effort,” Xie stressed. Last month, however, US climate envoy John Kerry called for China to participate in such payments. The issue of loss and damage only just made it onto the conference agenda on Sunday, but is already considered one of the focal points of this year’s struggle for more climate protection. Years ago, the industrialized countries pledged to pay poor countries 100 billion US dollars a year – for the damage they ultimately cause, for example through extreme weather.

Continue reading now

Get 30 days of free access to the Professional Briefing to read these and more quality news every day.

Are you already a guest at the China.Table? Log in now

Related

    Bosch opens R&D center for autonomous driving
    Leader of Germany’s social democrats: There is always an alternative
    Foxconn apologizes – and offers money
    New restrictions in Changchun, Shanghai, Sanya