Climate Summit

Over 120 world leaders gathered at Sharm el-Sheikh, Egypt, today for the United Nations cop27 climate summit. The summit comes after the past few months have seen catastrophic flooding in developing countries like Pakistan, Nigeria and the Philippines.

Reparations? Expected to be discussed is “loss and damage” reparations payments. Many developing nations claim that with increasing climate disasters they are unable to adequately prepare for, wealthier countries owe them financial compensation. A June report from 55 countries estimated a cost of $525 billion.

Read more at “Rich Countries Should Pay Poor for Their Environmental Sins”