Cop27 latest news: Macron says Europeans ‘the only ones paying’, US and China must ‘step up’

Cop27 began with Antonio Guterres, UN Secretary General, warning the world that “the highway to climate destruction is on, with our feet still on accelerator”.

“We are in a struggle for our lives — and we are losing,” he said, addressing world leaders at the Climate Summit in Sharm El Sheikh, Egypt, as greenhouse gases and temperatures continued to rise.

As the war in Ukraine captures the world’s attention, triggering a crisis in energy, food, cost of living and other disputes, Mr. Guterres said: “Climate change is on a different timeline and on a different scale.

The visit of Rishi Sunak, British Prime Minister, to Cop27 climate summit in Egypt was his debut international appearance since he entered 10th place just two weeks ago.

Sunak’s day was filled with speeches, diplomacy and a friendly encounter with French President Emmanuel Macron. His predecessor refused to take the podium.

Here are some of his memorable moments at the Great Climate Summit.

The rich industrial world is turning its back on its crimes against our planet because polluters pay.

One of the most controversial items at the 27th United Nations summit’s agenda is the bill on “loss of damage” to the environment for many poor countries now severely affected by climate changes.

The United Nations has proposed $1 trillion (one thousand million billion dollars) as a global compensation, payment for improvements, and adaptive measures to address ongoing environmental degradation.

. Feel the wrathful hand of the rich. It is true that a trillion dollar is a significant amount of money, especially in times of economic distress and extraordinary financial pressure on poor countries.

The Independent editorial can be found here.

Olaf Schulz, German Chancellor, has pledged $170million for a global shield – to help developing countries who are suffering from the effects of climate change.

“In our capacity as G7 President, we want create with the most fragile countries a global safeguard against climate risks,” he stated in a speech to COP27.

“We will also help those countries most affected due to climate change in a meaningful and effective way in dealing loss and damage.”

Today, the Cop27 Climate Summit enters its second day. World leaders will once again take to the stage.

The conference will be addressed by Shahbaz Sharif (Pakistan’s Prime Minister), who was recently affected by devastating floods that left millions homeless and caused damage of at least 40 trillion dollars.

Ursula von der Leyen will also speak today, as well as Charles Michel, President, European Council, President of South Africa Cyril Ramaphosa, and many others.

Emmanuel Macron, the French President, has urged the United States and China to pay their fair share for the relief of poor countries affected by the climate crisis.

Macron said to French and African climate activists that the US and China needed to “step up” their emissions cuts and financial assistance, while speaking at the Cop27 climate summit. According to AFP.

“The Europeans are paying,” he said, adding, “We are the only ones paying.

“You need to exert pressure on non-European rich nations and tell them, ‘You must pay your fair part.’

According to reports, Rishi Sonak, British Prime Minister will announce a deal for natural gas with the United States after the COP27 Climate Summit.

According to a report by, Britain hopes that the United States will offer approximately 10 billion cubic meters (LNG) of liquefied natural gases (LNG), over the next year. telegraph.

The talks between the two countries are at their final stages. They are expected to be announced in two weeks.

It was not known if the US would sell how much gas at the time of the announcement.

The United States had earlier this year agreed to supply 15 million cubic meters of liquefied petroleum gas to the European Union, in order to help the bloc address the energy crisis created by Russia’s invasion.

Cop27 is underway in Sharm El-Sheikh, and Egyptian activists are split over whether the summit under the dictatorship they claim to be the most oppressive in Egypt’s history is an insult or a chance.

“Egypt is embroiled in a large-scale human rights crisis,” said Hossam Bahgat, a prominent Egyptian human rights activist, who said he had been banned from leaving the country since 2016 and had his assets frozen.

“Our current government has one the worst human rights records in the world.”

Rights groups claim that thousands of government critics, including journalists and human rights defenders, were imprisoned under Egyptian President Abdel Fattah al-Sisi. He was elected after a military coup in 2014.

Yesterday’s Cop27 event saw Rishi Sunak, British Prime minister, abruptly resign from the stage. It left many confused in the audience.

When Mr. Sunak was on the podium with other world leaders, his aides interrupted him and forced him to leave.

There was no official statement from Downing Street regarding the unplanned exit of the prime minister.

Rumours abound that Mr. Sunak left the event to make last-minute preparations for his keynote speech, which he was scheduled to deliver later in the afternoon.

Oxfam reports that the average Cop27 emissions from the world’s richest billionaires is three million tonnes per year.

The annual emissions of people in the bottom 90 percent are more than a million times higher than the average, according to the report entitled “The Report”.Carbon BillionairesHe said.

The world’s wealthiest countries collectively own a $2.4 Trillion stake in 183 businesses, and 125 billionaires finance the equivalent of 393 million tons of carbon dioxide annually. This figure is comparable to France’s annual carbon emissions.

The report stated that each of these billionaires would need to circumnavigate the globe nearly 16 million times using a private jet in order to produce the same emissions.

Danny Sriskandragah, chief executive of Oxfam GB, said: “It is people in low-income countries who have done the least to cause this to happen – as we are seeing with the devastating drought in East Africa and the catastrophic floods in Pakistan.

“We need governments to urgently address this by publishing emissions figures for the richest people, regulating investors and businesses to cut carbon emissions and taxing polluting wealth and investments.

“…these billionaire investors at the top of the corporate pyramid have a huge responsibility for driving the climate meltdown. They have eluded accountability for too long.”