Published

Richer countries are starting to pay poorer ones for climate change damages

  • Wealthier countries have started to provide funding for damages caused by climate change, marking the beginning of "loss and damage" compensation.
  • About $720 million has already been pledged by the European Union, U.S., and United Arab Emirates for this fund.
  • The need for loss and damage funding is expected to increase as climate-related disasters become more extreme.
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