What's at stake at COP27 climate talks in Egypt?

For more than a decade, developing nations on the frontline of climate change have been calling on wealthy, carbon polluting countries to pay for the damage. And it's hoped this year, there may finally be a breakthrough. The COP27 climate summit begins Sunday [[Nov 6]] in the Egyptian city of Sharm el-Sheik. Set to dominate the agenda - the issue of who should pay for the “loss and damage” caused by a warming planet. It comes as Australia seeks to co-host the conference in 2026 along with Pacific Island Nations, who have long been calling richer nations to help foot the bill.

Workers walk past signage promoting this year’s United Nations global summit on climate change, known as COP27, adorns Peace Road, in Sharm el-Sheikh, South Sinai, Egypt, Wednesday, Nov. 2, 2022. As this year’s United Nations climate summit approaches, Egypt’s government is touting its efforts to make Sharm el-Sheikh a more eco-friendly tourist destination. (AP Photo/Thomas Hartwell) Source: AP / Thomas Hartwell/AP