Dozens of funds worldwide are intended to fund climate action in developing countries. In theory, they serve a good purpose. But they are confusing, bureaucratic and cost money to administer. The COP30 should therefore focus on simplifying the existing climate financing instead of setting up another fund. This requires Brazil's influence.
By Alexandra Endres
New Zealand is supporting Vanuatu in setting up its own fund for climate damage and loss. This area is severely underfunded worldwide.
By Lisa Kuner
Avinash Persaud is the architect of the "Bridgetown Initiative" for equitable climate finance. As a close advisor to Barbadian Prime Minister Mia Mottley, he advocates for financial system reform and higher taxes on fossil fuels used in shipping and aviation.
By Jule Zentek
COP28 in Dubai started with an unprecedented victory: The new loss and damage fund has been set up, around 400 million dollars have been made available, and the agenda has been approved. On the one hand, this is a positive signal for the conference. On the other hand, it could slow down the Presidency's vigor.
By Marc Winkelmann
The COP28 in Dubai has started with unprecedented success: The new Loss and Damage Fund with around $400 million to date is ready and EU countries are among the largest donors.
By Bernhard Pötter
Saber Hossain Chowdhury is Bangladesh's climate envoy. He is considered a pioneer in the fight for the loss and damage fund and champions for more funding for poor countries at COP28.
By Redaktion Table
COP28 in Dubai started with an unprecedented victory: The new loss and damage fund has been set up, around 400 million dollars have been made available, and the agenda has been approved. On the one hand, this is a positive signal for the conference. On the other hand, it could slow down the Presidency's vigor.
By Bernhard Pötter
At COP28, the fund for losses and damages caused by the climate crisis must be empowered and adequately filled. In addition to the developed countries, emerging economies such as wealthy oil and gas states also must ensure that the fund is adequately filled. A tax on international shipping and contributions from the largest fossil fuel companies should also be implemented.
By Redaktion Table
New arguments in the debate on climate justice: More taxes for the rich and large emitters should reduce emissions and eliminate poverty, according to a comprehensive study. It calls for national and international financial reforms to balance out injustice in and between countries.
By Bernhard Pötter
