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Deep Rifts at UN Loss and Damage Talks Cast a Shadow on Upcoming Climate Conference

Inside Climate News · By Bob Berwyn · last updated
Developing countries oppose the U.S.-led plan for the World Bank to host the new climate fund, and question the credibility of developed countries that have failed to deliver on other climate promises.

By Bob Berwyn

Climate negotiators from rich, industrialized nations and poor countries devastated by global warming are starting one last make-or-break meeting Friday to finalize plans for a new fund to help developing countries pay for climate-related losses and damages that they have done very little to cause. The stalemate thus far in the negotiations shows there is still a wide gap between the climate aid developed countries have long promised and what they are ready to deliver. 

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Related Knowledge Center: Climate diplomacy

State of Play

Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates. 

Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.

The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21). 

Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29

 

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