More Funding Needed for Climate Damages Fund Before COP28

Highlighting the urgency, Japan stepped up at a recent conference in Bonn, Germany, committing to contribute up to 165 billion yen ($1.11 billion) from 2024-2027. Norway too pledged around $300 million. However, contributions from major polluters like the United States and China are notably absent. The U.S. cited domestic budget uncertainties, while China is yet to participate in U.N. system-based climate finance.

Germany, Britain, France, and Japan currently lead as the most significant supporters of the U.N. fund. German Development Minister Svenja Schulze emphasized that non-traditional donors, such as Gulf states and emerging countries like China, should also consider contributing.

The U.N.’s official list of climate finance providers is limited, and the forthcoming COP28 summit is expected to focus heavily on this topic. Here, the plan is to launch a new international fund to aid nations severely affected by climate change. Traditional contributors like European countries and the U.S. are keen on having a broader base of nations contributing.

While the recent GCF tally might be perceived as a setback, the importance of climate finance cannot be stressed enough. Reflecting on a decade-old unfulfilled promise by affluent nations to provide $100 billion annually in climate finance, Madeleine Diouf Sarr, chair of the Least Developed Countries group in U.N. climate negotiations, reminded all that the success of COP28 largely rests on establishing and funding the new climate damages fund.

Solution Not Pollution by Tiny Rescue: Climate Collection

Related Content:

• White House Takes Major Step to Combat Climate Change in Government Purchases
• Clean Air Aid Funding Surpasses Fossil Fuels for the First Time, Report Reveals
• Biden Boosts Climate Battle with $600M Funding
• Global Hunger Funding Gap Worse in Wake of Ukrainian Conflict
• Global Push to Phase Out Fossil Fuels Intensifies Before Cop28

Easy Ways to Help the Planet:

• Eat Less Meat: Download Food Monster, the largest plant-based Recipe app on the App Store, to help reduce your environmental footprint, save animals and get healthy. You can also buy a hard or soft copy of our favorite vegan cookbooks.
• Reduce Your Fast Fashion Footprint: Take initiative by standing up against fast fashion Pollution and supporting sustainable and circular brands like Tiny Rescue that raise awareness around important issues through recycled zero-waste clothing designed to be returned and remade over and over again.
• Support Independent Media: Being publicly funded gives us a greater chance to continue providing you with high-quality content. Please consider supporting us by donating!
• Sign a Petition: Your voice matters! Help turn petitions into victories by signing the latest list of must-sign petitions to help people, animals, and the planet.
• Stay Informed: Keep up with the latest news and important stories involving animals, the environment, sustainable living, food, health, and human interest topics by subscribing to our newsletter!
• Do What You Can: Reduce waste, plant trees, eat local, travel responsibly, reuse stuff, say no to single-use plastics, recycle, vote smart, switch to cold water laundry, divest from fossil fuels, save water, shop wisely, Donate if you can, grow your food, volunteer, conserve energy, compost, and don’t forget about the microplastics and microbeads lurking in common household and personal care products!