As the climate negotiations Conference of the Parties (COP27) at SharmelSheikh, Egypt, come to a close, the emerging negotiation text seems to be tilting again more in favour of the Global North with nothing much or new to offer to developing nations.
From new finance pools for adaptation needs of poor nations to their energy transition planning, the informal draft text, released by the UN on Thursday, steers clear of any strong support for the demands of the Global South.
The negotiations on the outcome text are going on and the final text is expected on Friday, said sources involved in the process in Egypt.
The text has provided no dollar billion figure for the historical polluters to pay as compensation to poor nations suffering from climate extremes.
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