Sharm el Sheikh/Egypt: Under stringent pressure to increase cuts in emissions and to aid countries devastated by increasing global temperature, the UN's COP27 has started the Red Sea resort of Sharm el-Sheikh on Monday, Agence France-Presse reported.
Climate change has induced severe repercussions triggering intense natural disasters across the globe costing billions of dollars.
On Sunday, the opening day of the summit, COP27 officials requested governments to step up efforts to reduce emissions and combat climate change, though inflation is souring across the globe as the after-effect of the Russian-Ukraine war as well as Covid-19.
To keep global warming at 1.5 degrees Celcius above late 19th century levels, the world must cut greenhouse emissions by 45 per cent by 2030. But, at the current pace, by the end of the decade, Carbon pollution will increase 10 per cent, and the surface heat of the Earth will reach 2.8 C.
While heads of around a hundred nations have started arriving for two days of talks, Chinese President Xi Jinping, the head of the country, which is top in emissions, will be absent. US President Joe Biden will arrive later this week, while French President Emmanuel Macron requested both China and the US, the top emitters, to step up their efforts to cut it. He said, "Europeans are paying. We are the only ones paying," AFP quoted.
New Brazilian President Luiz Inacio Lula da Silva and UK premier Rishi Sunak, reverting the decision not to attend the talks, also will arrive.
On Sunday, attendees successfully agreed to put the controversial issue of money for "loss and damage" on the summit agenda.
Further, rich nations are expected to set a timetable for delivering $100 billion per year to help developing nations change into green economies as well as become resilient against future climate changes. It was promised two years ago and $17 billion short.