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Countries deadlocked on ‘loss and damage’ fund as UN climate summit nears

Environmental activists hold a banner with the slogan "Loss and damage, finance now" during a climate strike action at the Place de la Republique, on the sidelines of the New Global Financial Pact Summit, in Paris, France, on 23rd June, 2023

Washington DC, USReuters Countries are deadlocked over how to design a fund to help countries recover and rebuild from climate change-driven damage, with just over 30 days left before crucial United Nations climate negotiations kick off in Dubai. Two dozen countries involved in a committee tasked with designing a “loss and damage” fund wrapped up […]

Explainer – Who will pay for climate ‘loss and damage’?

Egypt Sharm el Sheikh COP27 model earth

Sharm el-Sheikh, Egypt Reuters The COP27 summit of nearly 200 countries agreed on Sunday to set up a “loss and damage” fund to support poorer countries being ravaged by climate impacts, overcoming decades of resistance from wealthy nations whose historic emissions have fuelled climate change. Pakistan’s climate minister Sherry Rehman, who was part of the […]

COP27 negotiators still far apart on strong climate deal

Egypt Sharm el Sheikh COP27 globe

Sharm el-Sheikh, EgyptReuters Countries were far from agreeing the contours of a climate deal at the COP27 summit in Egypt on Wednesday, with the host country urging negotiators to resolve their differences ahead of a weekend deadline. The outcome of the conference in Sharm el-Sheikh is a test of world resolve to tackle global warming […]

Polluters must pay, says UN chief, urges taxes to help climate victims

UN 77th Session Antonio Guterres

United NationsReuters UN chief Antonio Guterres on Tuesday urged rich countries to tax windfall profits of fossil fuel companies and use that money to help countries harmed by the climate crisis and people who are struggling with rising food and energy prices. United Nations Secretary-General Antonio Guterres addresses the 77th Session of the United Nations […]

Vanuatu breaks ground with ‘loss and damage’ costing in new climate plan

Vanuatu coastline

Thomson Reuters Foundation Pacific island state Vanuatu has submitted a “groundbreaking” update to its commitments under the Paris climate accord to include phasing out fossil fuels and a costing of how it aims to tackle destruction caused by rising seas and wild weather. Climate experts said that while most national contributions focus on cutting planet-heating […]