Who pays, who gains? Debate on climate disaster fund heads to Cop28 – The National
Who pays, who gains? Debate on climate disaster fund heads to Cop28 – The National
A new disaster fund for global warming-related losses is still being sketched out after 10 days of climate talks in Germany, with all eyes on a potential deal at the Cop28 summit in Dubai.
Diplomats have spoken of constructive discussions in Bonn on the new fund for “loss and damage” – UN jargon for climate impacts that have already happened or can no longer be stopped.
But key questions remain unanswered, such as how money will be raised, which countries will be eligible for it, and where and by whom the fund will be administered.
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