The European Union warned it was prepared to walk away from climate negotiations if a satisfactory outcome could not be reached, but said it still believed a deal could be struck on Saturday between negotiators at the COP27 summit in Egypt.
“We need to move forward, not backwards and all (EU) ministers … are prepared to walk away if we do not have a result that does justice to what the world is waiting for — namely that we do something about this climate crisis,” said EU climate policy chief Frans Timmermans.
Speaking to reporters on the sidelines of the summit, he called on other parties to the negotiations to reciprocate efforts to find a deal, particularly on the issue of funding for poorer countries hit by climate disasters.
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