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.
“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.
