COP28 Loss and Damage Fund Called 'Drop in the Ocean'

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COP28 Loss and Damage Fund Called 'Drop in the Ocean'
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Julia Conley is a staff writer for Common Dreams.

International campaigners who for years have demanded a global 'loss and damage' fund to help developing countries confront the climate emergency were encouraged on Thursday as the 28th United Nations Climate Change Conference began with an agreement to make the fund operational—but said the details of the deal made clear that wealthy countries are still largely abandoning communities that have contributed the least fossil fuel emissions, only to suffer the worst climate injustices.

'Although rules have been agreed regarding how the fund will operate there are no hard deadlines, no targets, and countries are not obligated to pay into it, despite the whole point being for rich, high-polluting nations to support vulnerable communities who have suffered from climate impacts,' said Adow. 'The most pressing issue now is to get money flowing into the fund and to the people that need it,' he added. 'The pledged funds must not just be repackaged commitments.

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