After 30 years of deadlock, a new U.N. climate agreement aims to pay developing countries for loss and damage caused by global warming. But huge questions remain about how it would work.
Tag: Third World and Developing Countries
COP27 Climate Talks Spill Over as Nations Debate Loss and Damage Funding
Debate intensified over a contentious issue: the creation of a fund to help poor and vulnerable countries pay for loss and damage caused by climate change.
At G20 Summit, Xi and Biden Offer Rival Visions for Solving Global Issues
China and the United States showed how global summits are an arena for great powers to compete, with implications for the war in Ukraine and Asia’s future.
World Population Reaches 8 Billion, UN Says
The rapid population growth has been driven by the world’s poorest countries. More global challenges are ahead.
Biden’s COP27 Climate Message Might Not Be the One the World Wants
The president is expected to hail the new U.S. climate law on Friday at the COP27 summit in Egypt. Other countries want to talk money.
At COP27, Plans to Overhaul the IMF and World Bank Gain Traction
As global warming delivers cascading weather disasters, leaders at U.N. climate talks say it’s time to radically overhaul the World Bank and International Monetary Fund.
Rich Countries Offer Funds for Climate Loss and Damage After Decades of Resistance
Several European leaders at COP27 announced funds to help poor nations recover from loss and damage caused by climate change. The United States was silent.
Even as Egypt Hosts Climate Summit, Selling Fossil Fuels Is a Priority
Desperate for cash as the fallout from the Ukraine war batters its economy, Egypt has been conserving natural gas at home to sell to Europe.
How Belize Cut Its Debt by Fighting Global Warming
Developing nations are reducing their debt by pledging to protect their resources in financial deals that could give them a bigger role in the fight against climate change.
Switzerland Is Paying Poorer Nations to Cut Emissions on Its Behalf
The agreements raise concerns that other countries will follow suit, delaying more difficult cuts of greenhouse gas emissions in wealthier nations.