The taskforce, set to be launched at Cop28, will consider the feasibility of levies on shipping, aviation, financial transactions and fossil fuels.
At the Global Partnership for Education, we paid a high price to be hosted by the World Bank. A loss and damage fund should be independent
Developing countries are outraged by a proposal to host a climate loss and damage fund at the World Bank, painting it as a US power grab
On the sidelines of the UN general assembly, rich and poor countries were divided on how to deliver funds to victims of the climate crisis
The US wants extra seats for major donors to the fund on top of developed country representation, sparking accusations of “double counting”
The 2030 target is one of several contentious proposals at negotiations in the Dominican Republic this week over a new loss and damage fund
Experts said that the term “climate reparations” implies liability, whereas the loss and damage fund will be filled on a voluntary basis
It’s often hard to judge whether a drought is weather-related or climate related and whether people are displaced by the drought or conflicts
A multi-billion dollar reparations scheme has been proposed for fossil fuel companies to atone for the damage caused by their greenhouse gas emissions
Negotiators have added an extra meeting to try and get talks finished by Cop28 – but splits over who pays and who receives funds remain
The first talks on how to set up a loss and damage fund were held this week. In the meantime, disaster-torn countries like Malawi appeal for urgent support.
Cop27 resulted in the historic decision of setting up a loss and damage fund to help vulnerable countries, but success depends on a few key actions.
Six Asian countries will share two seats on the committee due to start work on establishing a fund for climate victims
Researchers are working with eight developing countries to pool resources and respond to climate disasters with local solutions
Negotiators will gather in Egypt at the end of March to discuss a fund for climate victims, whether the Asia-Pacific group has nominated its members or not
Fewer than half the seats on a loss and damage transitional committee have been filled, holding up work to channel funds to climate victims