Central government ready to pay compensation to developing countries

Central government ready to pay compensation to developing countries

Developing countries, particularly those suffering from the climate crisis, are demanding compensation payments from industrialized countries. Germany could now move on.

In theory, the federal government is prepared to provide developing countries with more compensation and assistance for the damages and future losses caused by climate change. “We are solution-oriented, but it takes time,” said Jennifer Morgan, secretary of state in the federal Foreign Office responsible for climate protection, in an interview with Reuters news agency.

Under the title of “loss and damage”, many developing countries are demanding a financial mechanism that, among other things, compensates them for the opportunities lost due to climate change.

Jennifer Lee Morgan: “Developed countries really need to do more to support the most vulnerable countries.” (Source: Anegret Hills/Reuters)

“Industrialized countries really need to do more”

Statistically, many developing countries produce the lowest levels of climate-damaging emissions, but feel the effects of climate change most through drought or floods. The initial goal is to put the topic of “loss and damage” on the agenda of COP27, the next climate protection conference under Egypt’s presidency in Sharm el-Sheikh in November, as Morgan said. “Developed countries really need to do more to support the most vulnerable countries,” said Morgan, who headed Greenpeace International before joining the federal government.

READ  Putin did not return Lukashenko's advance
Written By
More from Cary Payne
Groun im Winsgau: The remains of a submerged village emerge from South Tyrolian Lake
Usually only the church tower comes out of the water, but now...
Read More
Leave a comment

Your email address will not be published. Required fields are marked *