Rich countries to pay for 'climate change losses'

29 November, 2022

Posted by: Njango Njung'e

Rich countries to pay for 'climate change losses'

Category : Power Shift in the News | tags: The Standard

The UN climate summit that was wrapped over the weekend ended with a deal on the creation of a loss and damage fund by next year to compensate developing countries for the irretrievable losses suffered as a result of climate change. 

...Mohamed Adow, Director Power Shift Africa, said the loss and damage fund is something vulnerable countries have been calling for since the 1992 Rio Earth Summit and has been a part of the formal negotiations since COP19 in Warsaw in 2013.

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