The Egyptian Foreign Minister Sameh Shoukry, announced the extension of the climate summit COP27 in Sharm el-Sheikh to Saturday, in an attempt to reach a consensus on compensating the damages resulting from climate change.
The COP27, held in the Red Sea resort city of Sharm el-Sheikh, was scheduled to reach its conclusion on Friday, but the work was extended to reach a consensus on compensating the damages resulting from climate change and the fulfillment of the obligations of the rich countries towards the poor countries.
This year has witnessed several disasters related to climate change, including floods and droughts affecting crops, and widespread fires.
The COP27, organized by the United Nations in Egypt, aims to increase the commitments of the nearly 200 participating countries to reduce this scourge.
In the face of these disasters, nations at risk are demanding during the climate conference to reach an agreement in principle to establish a fund dedicated solely to these losses and damages.