Tense negotiations at the final meeting on a climate-related loss and damages fund — an international fund to help poor countries hit hard by a warming planet — ended Saturday in Abu Dhabi, with participants agreeing that the World Bank would temporarily oversee the fund for the next four...
Tense negotiations at the final meeting on a climate-related loss and damages fund — an international fund to help poor countries hit hard by a warming planet — ended Saturday in Abu Dhabi, with participants agreeing that the World Bank would temporarily host the fund for the next four years.
climate talks ever since they started 30 years ago and was finally realized at last year’s climate conference in Egypt. Since then, a smaller group of negotiators representing both rich and developing countries have met multiple times to finalize the details of the fund. Their last meeting in the city of Aswan in Egypt in November ended in a stalemate.
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