Board members from developing nations said this week that wealthy nations risk undermining the loss and damage fund’s plan to deliver $250 million in aid next year to climate-vulnerable countries hit by extreme weather.
While rich nations have pledged $789 million, they have only transferred $348 million so far to the Fund for Responding to Loss and Damage (FRLD), which all governments agreed to set up two years ago under the UN climate talks and is now in its start-up phase.
Speaking on behalf of developing-country board members, Honduras’s representative Elena Cristina Pereira Colindres expressed “concern” during a press briefing, adding that “transparency and predictability” on when the money would be paid is lacking.
Read the full article on Climate Home News.
