UN chief Antonio Guterres urged rich and developing nations to stop the 'finger pointing' at crunch climate talks on Thursday and reach a deal on covering the losses suffered by vulnerable nations battered by weather disasters.
SHARM EL-SHEIKH - UN chief Antonio Guterres urged rich and developing nations to stop the "finger pointing" at crunch climate talks on Thursday and reach a deal on covering the losses suffered by vulnerable nations battered by weather disasters.
"This is no time for finger pointing. The blame game is a recipe for mutually assured destruction," he said. Ralph Regenvanu, minister of climate change for the Pacific island of Vanuatu, said walking out of the talks "was discussed as an option" if developing nations come away empty handed. European Commission Vice President Frans Timmermans said the EU was open to the creation of a funding facility but that it should be among a "mosaic" of options that include existing financial instruments.
"I'm still hopeful that we can reach an agreement on this, but then I do ask of our partners to make sure that it's fair so that everybody who is in a position to contribute contributes," Timmermans said.
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