What is loss and damage and will rich nations pay for climate change?
Posted on AllSides November 21st, 2022
From The Center
ANALYSIS
World leaders have reached a historic deal to give money to developing nations facing the effects of climate change.
The creation of a fund for "loss and damage" is seen as a breakthrough, but previous promises of payments are still to be met.
What do countries want money for?
Money for climate action broadly falls into three buckets:
Loss and damage: This money is to help developing countries recover from the effects of climate change they are already suffering.
For example, in the past 12 months alone the developing world has...