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Fund to compensate developing nations for climate change is unfinished business at COP28

  • A draft agreement for the climate talks is up for final approval, but dissatisfaction from wealthy and developing nations could block approval or require additional negotiations.
  • Developing nations, hit hardest by extreme weather worsened by climate change, sought to create a loss and damage fund.
  • A recent UN report estimates up to $387 billion per year is needed for developing countries to adapt to climate-driven changes.
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Bias Distribution

  • 48% of the sources are Center
48% Center
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Winnipeg Free Press broke the news in Winnipeg, Canada on Tuesday, November 21, 2023.
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