Low-income countries want more money for climate damage. They're unlikely to get it.
Wealthy nations may instead reshuffle money earmarked for other goals like limiting and adapting to global warming. That could hamstring efforts to deal with climate change in low-income countries
by Michael Copley
Nov 16, 2022
4 minutes
Facing mounting pressure to compensate low-income countries for damages they're suffering from climate change, wealthy nations may try to move money they've already promised to other global warming goals rather than come up with new funding, according to experts and participants at the United Nations climate conference in Egypt.
A draft document says money for — a key issue in the negotiations — should be added to climate financing that's already going to low-income countries to help them limit and adapt to global warming. The current funding arrangement, which was created more than a decade ago, reflects the fact that industrialized nations such as the United
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