More than 50 countries are going to default according to UN official while talking to an audience during the COP27 summit. The situation of the poorest economies has been worse amid growing energy and food crises and inflation. Achim Steiner, the UN global development chief, argued that the UN has listed 54 countries that are on the brink of bankruptcy.
World leaders have arrived in Egypt for the 27th conference of world leaders. More than 120 world leaders including Britain’s new prime Minister Rishi Sunak and the US president, Joe Biden, are expected to attend the conference being held at Sharm El Sheikh, Egypt. In 2022, the world saw devastating environmental changes all across the globe which makes the ongoing conference more important than anything else.
COP27, is an abbreviation for ‘Conference of the Parities’. It is held every year and the objectives are set for the countries to achieve amid dangerous impacts of Climate change. This year’s conference will be held in Egypt on 6th of November.
