Climate Politics
COP28 Countdown Heats Up as Countries Spar Over Loss and Damage Fund
- Countries agreed to a loss and damage fund at COP27 in Egypt
- Details such as its location and who pays are creating debate
A resident views a building with severe structural damage following Hurricane Ian in Havana, Cuba, on Sept. 28, 2022.
Photographer: Natalia Favre/BloombergThis article is for subscribers only.
COP28 is just six weeks away and countries are already trading blows over what is likely to be one of the most contentious issues at this year’s UN climate summit in Dubai.
After countries reached a major breakthrough to agree in principle to create a fund for the losses and damages caused by climate change at last year’s United Nations Conference of the Parties, or COP, in Egypt, a major divide is emerging between developed and developing nations over who should operate it and how it should be filled.