China says ‘long way to go’ global cooperation after COP27 climate deal
China on Monday welcomed an agreement at the landmark COP27 climate summit in Egypt, but warned that global cooperation to curb temperature rise still has a “long way to go”. The road map for doubling global adaptation funding is still unclear, which is not conducive to building mutual trust between the north and the south,” Beijing’s foreign ministry spokeswoman Mao Ning said, referring to funds for poorer countries already affected by climate change.”Global climate governance has a long way to go,” she added, saying “developed countries have still not fulfilled their commitment to providing $100 billion in climate funding to developing countries every year.”China attached “great importance to this meeting and fully supports Egypt in hosting it successfully,” she said.
China, the world’s biggest polluter, at the summit rejected the idea that it should no longer be considered a developing country, despite being now the world’s second largest economy.The issue was at the center of his controversial discussion at COP27 over establishing a fund to compensate poor countries already devastated by the effects of global warming.The UN Climate Summit, which ended on Sunday, finally agreed to create the fund.However, further reductions in emissions were not possible to maintain the ambitious target of limiting global warming to 1.5 degrees Celsius above pre-industrial levels.
