Last-chance saloon for loss and damage deal before COP28

Countries have a final chance to make progress on loss and damage funding before December’s pivotal COP28 climate summit – or risk another year of delays that could deepen global mistrust, a leading negotiator warns.

Negotiations to set up a fund to help countries recover from the destructive impacts of climate change have been ongoing since a landmark agreement to create the body at COP27 last year. But months of talks have been sluggish, with major and persisting disagreements between countries – characterised by campaigners as a split between the Global North and the Global South – on who’s eligible for funding, who pays, and how the money is dispersed.

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