Trump pulls out of Cop28 loss and damage deal that recognises harms done by richer, polluting economies to vulnerable nationsThe Trump administration has withdrawn the US from a global agreement under which developed nations most responsible for the climate crisis pledged to partly compensate developing countries for irreversible harms caused by global heating.The loss and damage fund was agreed at the Cop28 UN climate summit in Dubai – a hard-won victory after years of diplomatic and grassroots advocacy by developing nations that bear the brunt of the climate crisis despite having contributed least to greenhouse gas emissions. The fund signalled a commitment by developed, polluting countries to provide financial support for some of the irreversible economic and noneconomic losses from sea level rise, desertification, drought and floods already happening. Continue reading...
The Trump administration withdrew the US from the loss and damage fund, a global agreement where developed nations pledged to compensate developing countries for climate change harms. The US, a major historical emitter, will no longer participate after initially pledging $17.5m. The decision was condemned by climate advocates who say it jeopardizes support for vulnerable countries and undermines international cooperation.
