Countries least to blame for climate change and suffering the most could finally get help

Known as the ‘COP of finance’, countries are set to work out the finer details of the loss and damage fund at COP29 in Baku next month.

The countries most vulnerable to climate change could start receiving money from the long-awaited loss and damage fund as early as 2025. This fund of money is intended to help compensate low-income countries for damage caused by climate-related natural disasters. It has faced a number of hurdles throughout its development, but eventually the funds could begin to be disbursed to those who need them most next year. Finance is one of the key focuses of COP29 in Baku this November and the future of this vital climate justice tool could depend on these negotiations.

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