Provisions in the new near-final outcome text would deal a blow to small island states and coastal countries that experience more intense weather events.
The climate talks in Paris went into overtime, as countries hit a hurdle on three major issues —
- Differentiation between developed and developing nations
- Financial arrangements for the developing world
- Ambition for a global temperature target
- The new near-final outcome text controversially has two options on meeting loss and damage needs of developing nations.
- One is a general provision that talks of the averting, minimizing and addressing it, and another, more detailed, excludes any regime of liability and compensation.
- The second provides countries help with risk assessment, risk management, insurance, help to relocate those displaced by climate event change.