UN chief Antonio Guterres urges rich and developing nations to put finger on the prized climate negotiations . Guterres said that countries should fulfill their unbrokered pledge to provide $100 billion every year since 2020 to help the developing world green their economies .
Egypt: With the two-week COP27 conference set to conclude on Friday, UN chief Antonio Guterres urged rich and developing nations to put the finger on the prized climate negotiations and find a settlement on the losses suffered by vulnerable countries affected by weather disasters.At a press conference, Pakistan's climate minister Sherry Rehman said the process of negotiating damages and risk is over, and that we need to take action if developing countries go away empty handed.Rehman also said that the United States and the European Union are doing their best to avoid losing out on this initiative, citing the fact that the G77+China program limits the donor base to a list of two-dozen rich nations drawn up in 1992.We must send a note of hope to all those who have pinned their hopes on this particular COP.Make-or-breakGuterres said that countries should finally fulfill their unbrokered pledge to provide $100 billion every year since 2020 to help the developing world green their economies and adapt to future impacts, and make progress on future financing.According to AFP, a possible landing zone for a compromise is yet to be reached.