The UN’s COP27 climate summit kicked off Sunday in Egypt after a year of extreme weather disasters that have fuelled calls for wealthy industrialised nations to compensate poorer countries. Just in the past few months, climate-induced catastrophes have killed thousands, displaced millions and cost billions in damages across the world. Massive floods devastated swaths of Pakistan and Nigeria, droughts worsened in Africa and the western United States, cyclones whipped the Caribbean, and unprecedented heatwaves seared three continents. The conference in the Red Sea resort of Sharm el-Sheikh comes…