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#LossAndDamageFund

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"For years, climate-vulnerable countries have asked wealthier nations – who have largely amassed their riches through unbridled CO2 emissions – to take their fair share of responsibility for the #climate crisis and pay up for the damage caused.

The fund launched on the first day of the UN climate negotiations this year is meant to address that imbalance."

#LossAndDamage #LossAndDamageFund
aljazeera.com/features/2023/12

Al Jazeera · Reparations fund ‘historic’, but real fight begins now: Climate campaignersPar Ylenia Gostoli

On the second day of #COP28 there was a Call for 🇦🇺 Australia to contribute $100 million to the new Loss and Damage Fund. Oxfam Australia, The Climate Action Network Australia, ActionAid Australia, Caritas Australia and Edmund Rice Centre for Justice and Community Education have welcomed the landmark announcement of the establishment of the #LossAndDamageFund at COP28, and call on #Australia to make an initial $100 million pledge to the Fund.
#ClimateFinance #Australia #Auspol
media.oxfam.org.au/2023/12/lea

Media Oxfam Australia | Oxfam Australia Media Releases · Leading development agencies welcome early agreement on the Loss and Damage Fund announced at COP28 | Media Oxfam Australia

RT by @larrouturou: My view on the adoption of loss and damage funds yesterday in #COP28UAE.

Creating the "Loss and Damages" Fund is a good idea, but if it remains empty, it's useless. What we want is not millions, but tens of billions!

And one of the best short-term solutions is the Financial Transaction Tax.

We need to take the measure of the situation and agree on implementing the Financial Transaction Tax in #COP28.
@antonioguterres @uaeclimateenvoy @COP28_UAE @LossandDamage @LossDamageYouth #LossAndDamageFund

🐦🔗: nitter.cz/LicypriyaK/status/17

[2023-12-01 03:31 UTC]