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Rich nations pledged to pay for climate damages. Where's the money?

By Steven Mufson

02 Feb 2023 · 5 min read

Editor's Note

Three months on from COP27, there are still no signs that wealthy countries will bankroll a fund for the developing world's damages from climate-induced disasters. The Washington Post has the story.

There were high hopes in November when a global climate summit in Egypt adjourned with the creation of a fund to help poor countries cope with the ravages of global warming.

But less than three months later, there are few signs that the United States and other wealthy nations will step up to bankroll the much-hyped fund. That's why U.S. climate negotiator John F. Kerry said he had a succinct answer last month - at the Davos international economic conference - when he was asked about what he needed.

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