COP27 summit 2022: Informal draft has little new for poor nations

Focus is on coal 'phase-down', 'phase out and rationalise' fossil fuel subsidies

As the climate negotiations at the Conference of the Parties (COP27) at Sharm el-Sheikh, Egypt, come to a close, the emerging negotiation text seems to be tilting again more in favour of the Global North with nothing much or new to offer to developing nations.

From new finance pools for adaptation needs of poor nations to their energy transition planning, the informal draft text, released by the UN on Thursday, steers clear of any strong support for the demands of the Global South.

The negotiations on the outcome text are going on and the final text is expected on Friday,