Funding ‘Loss and Damage’ Requires Both Public and Private Finance

Funding ‘Loss and Damage’ Requires Both Public and Private Finance
Mitzi Jonelle Tan, of the Philippines, center, participates in a Fridays for Future protest calling for money for climate action at the COP27 U.N. Climate Summit, Friday, Nov. 11, 2022, in Sharm el-Sheikh, Egypt. (AP Photo/Peter Dejong)

The U.N. COP27 Climate Change Conference wrapped up this month with a historic breakthrough, as world leaders agreed to create a dedicated fund to address “loss and damage” stemming from the impacts of climate change in developing countries. Now that’s been agreed to, though, the real work of financing it begins.

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