The rich countries most responsible for the climate emergency promehave – so far – a combined total of just over $700 million for the loss and damage fund – equivalent to less than 0,2% of the irreversible economic and non-economic losses that developing countries suffer as they face the effects of global warming every year.
Developing countries celebrated a historic victory on the first day of the UN climate summit (COP28) in Dubai, when a new loss and damage fund was agreed for the poorest and most vulnerable countries, so that they can deal with irreversible impacts of the climate catastrophe.
COP28: Agreement on losses and damages reached on the first day of negotiations Read more »
The governments of the richest and poorest countries have reached an agreement and developed a plan to create a new “loss and damage” fund – critical to providing resources to the people most vulnerable to the damage caused by the climate crisis – after a tense meeting, under the guidance of the UN in Abu Dhabi, which ended last Saturday night (4).
Agreement on a “Loss and Damage” Fund reached days before UN climate summit Read more »
The “Loss and Damage” Fund is an initiative that aims to help developing countries deal with the adverse impacts of climate change, which cannot be avoided or mitigated through adaptation actions. In other words, it focuses on supporting recovery from damage and losses caused by extreme weather events such as floods, droughts, storms, sea level rise and other climate-related natural disasters.
Understand what the Climate Loss and Damage Fund is Read more »
Officials will meet this weekend for a last-ditch attempt to forge a consensus between rich and poor countries on how to get money to vulnerable people affected by the climate catastrophe.
Talks to discuss 'loss and damage' financing for poorest countries resume ahead of COP28 Read more »
US government sources revealed that when countries adopt a global fund for losses and damages caused by climate disasters at this year's UN climate conference (COP28), to be held in Dubai, United Arab Emirates, the United States will argue to “efficiently limit” its use.
Losses and damages: US wants fund only for specific and “non-redundant” situations Read more »
Rich countries should pay for the losses and damage they cause to nature in poorer countries in the same way they pay for climate impacts, researchers argue.
Experts call for 'loss and damage' fund for nature in developing world Read more »
The Earth Charter, published this week by Earth News, features the participation of Natalie Unterstell – specialist in climate negotiations and policies, president of the Talanoa Institute, and member of the Green Climate Fund panel – who was in Egypt to take stock of the 2022 United Nations Climate Change Conference (COP27). The publication analyzes, in particular, the loss and damage fund to compensate developing countries affected by catastrophes associated with climate change – the most tangible (if not the only) result of COP27.
'Earth Charter' talks about the loss and damage fund, approved at COP27 Read more »
We are on the 4th day of COP27. Throughout the Conference, several developed countriespromethey had to release resources to cover the “loss and damage” caused by climate change in the most vulnerable countries, one of the focuses of the event held in Egypt. Keep an eye on what they are.
COP27: rich countries join inpromehas to unlock funds for 'loss and damage' Read more »
Damage caused by the climate crisis through extreme weather has cost $16 million per hour over the past 20 years, a new estimate has revealed.
Study reveals climate crisis costs $16 million per hour in extreme weather damages Read more »
