Tense negotiations at the final meeting on a climate-related loss and damages fund — an international fund to help poor countries hit hard by a warming planet — ended Saturday in Abu Dhabi, with participants agreeing that the World Bank would temporarily oversee the fund for the next four years. The U.S.
FILE - A villager holding umbrella to protect himself from sun, walks over parched land on the outskirts of Bhubaneswar, India on May 2, 2009. Tense negotiations at the final meeting on a climate-related loss and damages fund — an international fund to help poor countries hit hard by a warming planet — ended Saturday, Nov. 4, 2023, in Abu Dhabi, with participants agreeing that the World Bank would temporarily host the fund for the next four years.
The U.S. State Department, whose officials joined the negotiations in Abu Dhabi, said in a statement it was “pleased with an agreement being reached” but regretted that it does not make contributions to the fund voluntary. Since then, a smaller group of negotiators representing both rich and developing countries have met multiple times to finalize the details of the fund. Their last meeting in the city of Aswan in Egypt in November ended in a stalemate.
The meetings delivered on that mandate but were “the furthest thing imaginable from a success,” said Brandon Wu of ActionAid USA who has followed the talks over the last year. Wu said the fund “requires almost nothing of developed countries. ... At the same time, it meets very few of the priorities of developing countries — the very countries, need it be said again, that are supposed to benefit from this fund.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Colombia, neighbors to jointly push six key points in COP28 -ministerColombia and its neighbors will together push six key themes at this year's UN climate conference, including help adapting to global warming and swapping debt for climate mitigation, the country's Environment Minister Susana Muhamad said on Friday.
Read more »
Dorit Kemsley Grills Kyle Richards About Her Marriage Issues in Tense RHOBH PreviewThe Real Housewives of Beverly Hills' Dorit Kemsley suspects something is wrong with Kyle Richards and Mauricio Umansky's marriage, but her BFF is still playing coy in a new sneak peek.
Read more »
Donald Trump's Lawyers Reprimanded by Judge in Tense ExchangeJudge Arthur Engoron told off the former president's lawyer during his civil fraud case.
Read more »
Israel’s military and Hezbollah exchange fire along the tense Lebanon-Israel borderSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Israel's Military and Hezbollah Exchange Fire along the Tense Lebanon-Israel BorderIsraeli warplanes conducted airstrikes along the border with Lebanon Saturday as the militant Hezbollah group attacked several Israeli army posts, including one that was struck with two large rockets.The escalation came a day after Hezbollah leader Sayyed Hassan Nasrallah...
Read more »
Israel's military and Hezbollah exchange fire along the tense Lebanon-Israel borderIsraeli warplanes have conducted airstrikes along the border with Lebanon as the militant Hezbollah group attacked several Israeli army posts, including one that was struck with two large rockets.
Read more »