UN climate talks poised for deal creating disaster fund

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Negotiators say they have struck a potential breakthrough deal on the thorniest issue of United Nations climate talks, the creation of a fund for compensating poor nations that are victims of extreme weather worsened by rich nations’ carbon pollution.

“There is an agreement on loss and damage,” which is what negotiators call the concept, Maldives Environment Minister Aminath Shauna told The Associated Press Saturday. It still needs to be approved unanimously in a vote later today. “That means for countries like ours we will have the mosaic of solutions that we have been advocating for.”

“I think this is huge to have governments coming together to actually work out at least the first step of at least how to deal with the issue of loss and damage," Scott said. But like all climate financials, it is one thing to create a fund, it's another to get money flowing in and out, she said. The developed world still has not kept its 2009 pledge to spend $100 billion a year in other climate aid — designed to help poor nations develop green energy and adapt to future warming.

“We are continuing to discuss,” he said, as he rushed with aides to a meeting at the Egyptian presidency office. However, the Egyptian proposal does not suggest that major emerging economies such as China have to contribute to the fund, which was a key ask of the European Union and the United States. The Egyptian package leaves in place a reference to the Paris accords less ambitious goal of limiting global warming to “well below 2 degrees Celsius ” which scientists say is far too risky.

“The issue now rests with the will of the parties,” Shoukry said at a press conference. “It is the parties who must rise to the occasion and take upon themselves the responsibility of finding the areas of convergence and moving forward.”

 

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More free Canadian money out the door.

Stevie the climate terrorist needs to be torn a new hole with my carbon footprint.

Correction: creating money laundering fund for government oppression

Scam, UN is the biggest of scams, I can shovel my own drive way thanks, I have to anyways every morning. UN is good for nothing.

Move money laundering!

Redistribution of wealth was always the plan behind climate change. 😡

It’s all one big costume fund.

Stealing more money from people.

What a colossal fcking joke!

Didn’t vote for the UN to make decisions for us

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