Headline RoundupNovember 30th, 2023

COP28 Creates Fund for Developing Nations Impacted by Natural Disasters

Summary from the AllSides News Team

On the opening day of the United Nations COP28 climate conference in Dubai, nearly all nations agreed to create a fund to help compensate developing countries for "loss and damage" caused by natural disasters.

Details: The United Arab Emirates and Germany both announced contributions of $100 million. John Kerry, the United States climate envoy, said the Biden Administration is working with Congress to secure $17.5 million to contribute to the fund. The fund reportedly reached $420 million in the first hour.

For Context: The fund was discussed at last year’s UN climate conference but was not finalized. The Associated Press (Lean Left bias) cited a UN report determining that developing countries need $387 billion annually to adapt to the changing climate.

Key Quote: Kerry stated, “the scale of the challenge is simply too large for any government to be able to finance alone.”

How the Media Covered It: Coverage from The Associated Press and The Messenger (Center bias) framed the announcement as a positive development but described the initial contributions to the fund as insufficient. The AP reported the funds were little “compared to the overall anticipated needs,” and The Messenger stated the announcement was a “positive sign.” Reporting from The Daily Caller (Right bias) started coverage with a quote deeming the fund to be a “global shakedown” and noted uncertainty regarding where the U.S. would get the money from, stating it was unknown if “taxpayer dollars will be used.”

Featured Coverage of this Story

More headline roundups

AllSides Picks

More News about World from the Left, Center and Right

From the Left

From the Center

From the Right