China's climate envoy Xie Zhenhua on Wednesday said that China would be willing to support a mechanism for compensating poorer countries for losses and damage brought on by climate change.

Speaking at the COP27 climate summit in Egypt, he further said that his country is under no obligation to participate, but is willing to make a contribution.

"It is not the obligation of China but we are willing to make our contribution and make our effort."

Watch |&nbsp;COP27 Climate Summit: US climate envoy John Kerry unveils 'carbon offset' plan

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/cop27-climate-summit-us-climate-envoy-john-kerry-unveils-carbon-offset-plan-532710/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Later as per a Reuters report, a spokesperson for the Chinese delegation clarified that this contribution would not involve providing financial support.

According to Politico, US Special Envoy John Kerry told reporters last month that China should pay its own share of the cost of loss and damage, "especially if they think they're going to continue to go on to the next 30 years with increasing their emissions."

Also read |&nbsp;<a href="https://www.wionews.com/world/finance-takes-centre-stage-at-cop27-developing-world-seeks-details-532605" hreflang="en">Finance takes centrestage at COP27 as projects worth $120bn are listed for developing countries</a>

Xie addressed this statement by Kerry and said that "his friend for 25 years" did not bring up this subject with him during informal conversations this week at the climate summit.&nbsp;

He added that China had previously given developing nations billions of yuan to aid in their efforts to mitigate climate change.

Also read |&nbsp;<a href="https://www.wionews.com/world/united-nations-chief-criticises-companies-for-engaging-in-toxic-cover-up-532336" hreflang="en">COP27: United Nations chief criticises companies for engaging in ‘toxic cover-up’</a>

Xie also talked about US House Speaker Nancy Pelosi's Taiwan visit and remarked that it had "hurt Chinese people's feelings."

Following the contentious visit by Pelosi, China announced that it would suspend all climate change dialogue with Washington. Xie said that informal discussions and personal correspondence are still continuing and that "The door is absolutely closed by (the United States)," adding "It is we, China, who are trying to open it."

(With inputs from agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

China's climate envoy Xie Zhenhua on Wednesday said that China would be willing to support a mechanism for compensating poorer countries for losses and damage brought on by climate change.

China's climate envoy Xie Zhenhua on Wednesday said that China would be willing to support a mechanism for compensating poorer countries for losses and damage brought on by climate change. Speaking at the COP27 climate summit in Egypt, he further said that his country is under no obligation to participate, but is willing to make a contribution. "It is not the obligation of China but we are willing to make our contribution and make our effort." Watch | COP27 Climate Summit: US climate envoy John Kerry unveils 'carbon offset' plan Later as per a Reuters report, a spokesperson for the Chinese delegation clarified that this contribution would not involve providing financial support. According to Politico, US Special Envoy John Kerry told reporters last month that China should pay its own share of the cost of loss and damage, "especially if they think they're going to continue to go on to the next 30 years with increasing their emissions." Also read | Finance takes centrestage at COP27 as projects worth $120bn are listed for developing countries Xie addressed this statement by Kerry and said that "his friend for 25 years" did not bring up this subject with him during informal conversations this week at the climate summit. He added that China had previously given developing nations billions of yuan to aid in their efforts to mitigate climate change. Also read | COP27: United Nations chief criticises companies for engaging in ‘toxic cover-up’ Xie also talked about US House Speaker Nancy Pelosi's Taiwan visit and remarked that it had "hurt Chinese people's feelings." Following the contentious visit by Pelosi, China announced that it would suspend all climate change dialogue with Washington. Xie said that informal discussions and personal correspondence are still continuing and that "The door is absolutely closed by (the United States)," adding "It is we, China, who are trying to open it." (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

COP27: China ready to back mechanism to compensate poor countries for climate change

UN Chief António Guterres while addressing the Cop27 Summit said, Humanity is on a “highway to climate hell”, saying the fight for a liveable planet will be won or lost in this decade.

We are on 'highway to climate hell', UN chief warns at Cop27 summit

Choose "Climate Solidarity Or Collective Suicide": UN chief warns climate summit | Top News

cop-27-summit

Cop 27 Summit, News on Cop 27 Summit, stories on Cop 27 Summit, articles on Cop 27 Summit, Cop 27 Summit stories at Wion, Cop 27 Summit news, Cop 27 Summit latest news

cop 27-summit

COP27: China ready to back mechanism to compensate poor countries for climate change

We are on 'highway to climate hell', UN chief warns at Cop27 summit

Choose "Climate Solidarity Or Collective Suicide": UN chief warns climate summit | Top News