Sharm El Sheikh, Egypt, November 20th On the afternoon of the 19th local time, she is attending the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27). Xie Zhenhua, President Xi Jinping’s special representative and China‘s special envoy on climate change affairs, held a press conference in the office of the Chinese delegation to clarify China‘s position on the issue of funding arrangements for losses and damages that received high attention at COP27.
Xie Zhenhua said that for the first time, COP27 included the issue of financial arrangements for losses and damages on the agenda of the meeting, responding to the concerns of developing countries, which is “a great progress”. He said that the “Paris Agreement” clearly stipulates that whether it is climate funds, adaptation funds, or even loss and damage funds, developed countries have the responsibility and obligation to contribute, and developing countries should contribute voluntarily.
Xie Zhenhua said that the beneficiaries of the Loss and Damage Fund are developing countries, but given the limited scale of funds, they should be given first to the most vulnerable and needy countries facing climate change.
Xie Zhenhua emphasized that China has helped developing countries improve their ability to cope with climate change through South-South cooperation and the green “Belt and Road”, such as helping developing countries develop renewable energy and build low-carbon transformation Demonstration area, training officials and technicians.
COP27 was originally scheduled to close on the 18th. However, the closing of the conference was postponed due to major differences in climate mitigation and adaptation financing, loss and damage funding arrangements and other issues.