During the international climate change conference starting Thursday, nations are expected to debate the future of a fund to help countries that are responsible for a small share of global emissions respond to the increasingly severe impacts of climate change.
The United Nations Climate Change Conference, or COP28, in Dubai will revisit the idea of a loss and damage fund. It’s an idea long sought by poorer and developing nations as a way to help them cover the costs they incur adapting and responding to climate change that they played little role in creating.
At last year’s conference, nations agreed to launch the fund, with the aim of getting it up and running by the end of 2024. After negotiations went into overtime, a draft agreement worked out this month would see the fund housed at least temporarily at the World Bank, although the U.S. and others expressed some reservations over the draft.
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