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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...

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https://www.bbc.com/news/science-environment-63478446

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