UN chief: ‘Tax fossil fuel profits for climate damage’:

Antonio Guterres told the General Assembly that polluters should pay for the impact of climate-related events.

This question of who funds these losses has long dogged international negotiations.

Poor countries say the rich should pay because of their historic carbon emissions.

But richer nations reject any calls for compensation.

Arguments over this question are likely to dominate discussions at the forthcoming COP27 summit in Egypt.

UN chief: ‘Tax fossil fuel profits for climate damage’: Antonio Guterres told the General Assembly that polluters should pay for the impact of climate-related events.This question of who funds these losses has long dogged international negotiations.Poor countries say the rich should pay because of their historic carbon emissions. But richer nations reject any calls for compensation.Arguments over this question are likely to dominate discussions at the forthcoming COP27 summit in Egypt.Read More