China willing to contribute to climate damage compensation

China would be willing to contribute to a mechanism for compensating poorer countries for losses and damage caused by climate change, its climate envoy Xie Zhenhua has said.
Speaking at the COP27 environmental conference in Egypt on Wednesday, Xie said China had no obligation to participate but stressed his solidarity with those calling for more action from wealthy nations on the issue, and outlined the damage China had suffered from climate-linked weather extremes.
China is designated by the World Trade Organization as a developing country, despite having the world’s second-largest economy.