@exador23

?? How does that relate to:

"Harris said the US would pledge another $3 billion to the Green Climate Fund – the main finance vehicle to help developing nations adapt to the climate crisis and cut fossil fuel pollution. The US has previously delivered $2 billion to the fund."

https://www.cnn.com/2023/12/02/politics/kamala-harris-cop28-saturday/index.html

EDIT: oops. sorry. that article includes lots of stuff.

This is the link I intended to share: https://thebulletin.org/2023/12/cop28-creates-fund-for-vulnerable-countries-for-loss-and-damage-from-climate-change-but-will-it-reach-vulnerable-people/

@kevinrns adaptation & emission reduction is not the same as compensation for loss and damage.

https://news.un.org/en/story/2023/12/1144297

@exador23

I can't imagine the difficulty of such a fund.

For example Economists calculated that British Columbia ( a wealthy province of a wealthy country that exports oil) over one year, from heat waves, drought, an unimaginable massive climate storm that wiped out highways and major bridges across the province, drowned cattle (!) cost the province $11 billion in economic loss, tax use. Before counting 619 dead from a "heat wave"

AND BEFORE this years Climate Wildfire Catastrophe

#COP28

@kevinrns Indeed. For a long time we've been warning that the financial cost of inaction far outweighs the financial cost of transition.

I feel that compensation for loss & damage is due for developing countries though. To only offer funds for transition of their already far less impactful footprints is to ask these countries to keep their economies smaller with greater energy costs while simultaneously expecting those smaller economies to fund their own very expensive recovery from damages primarily caused by rich nations.

@exador23

I hope everyone in the world sues all the oil stock holders.

Compensation is important tomorrow, Right Now - Repair to survive, and building all the New Energy.

Don't put the cost of climate collapse, building the new energy, on victims.

SOLVE THE CRISIS, end the suicide.

#Climate #Klima #climat #COP28