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Where’s the money? COP27 climate summit opens with a rallying call for rich nations to pay up



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The COP27 summit sees delegates from nearly 200 countries gather in Egypt’s Red Sea resort town of Sharm el-Sheikh for talks on how to address the climate crisis.Sean Gallup | Getty Images News | Getty ImagesSHARM EL-SHEIKH, Egypt — Top officials kicked off proceedings at the U.N.’s flagship climate conference by urging wealthy countries to finally fix their broken $100 billion promise, while the hot-button issue of reparations was adopted onto the official agenda for the first time.The COP27 summit, which formally opened on Sunday, sees delegates from nearly 200 countries gather in Egypt’s Red Sea resort town of Sharm el-Sheikh for talks on how to address the climate crisis.Climate finance, as it has done since the first U.N. climate conference in 1995, will once again play a pivotal role. It follows a series of mind-bending extreme weather events worldwide. For instance, in just the last few months, one-third of Pakistan was completely submerged by historic flooding, Nige …

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