A new “loss and damage” fund in which developed countries would pay for climate damage suffered by their vulnerable developing counterparts lacks both detail and actual funding, raising the question of whether it is simply of a symbolic breakthrough. Developing countries responsible for the smallest amounts of climate pollution in years have called for such …
Uncertainties over climate compensation fund spark skepticism Read More »
Sharm el-Sheikh, Egypt CNN — Delegates from nearly 200 countries at the COP27 climate summit agreed to establish a loss and damage fund to help vulnerable countries cope with climate-related disasters, in a historic deal early Sunday morning in Sharm el-Sheikh, Egypt. But while the deal represents a breakthrough in what has been a contentious …
COP27 summit agrees climate fund for ‘loss and damage’ in historic agreement | CNN Read More »
The just-concluded climate summit in Egypt hit head-on with one of the world’s biggest structural problems: most of the money is in the North, but most of the needs are found in the South. Nearly three hundred years of burning fossil fuels have produced much of this Northern wealth, and now the resulting greenhouse gases …
How to pay for climate justice when polluters have all the money Read More »
Around 35,000 delegates from nearly 200 countries are expected to gather in the resort town of Sharm el-Sheikh to discuss collective action to tackle the climate emergency. Ahmad Gharabli | AFP | Getty Images As COP27 climate summit talks enter the home stretch, ministers and negotiators from nearly 200 countries are scrambling to reach consensus …
