UN envoys provide 4 options for new loss and damage fund, including World Bank (1)

Reporting and comment by Mathew Carr

Oct. 22-23, 2023 — The document below indicates the creation of the loss and damage fund won’t be complete until the end of next year.

Developed countries will be outgunned on the board as much as 16 to 12, according to the draft.

“The Fund should be able to programme at least USD 100 billion a year by 2030 as an initial commitment,” according to bracketed text, which indicates the figure is only a draft.

See also full document below

Key initial pages:

SCMP / AFP story


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