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

6 months ago 42

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.

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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