Internal disagreements among rich countries are hindering the establishment of a crucial global fund aimed at aiding victims of climate change.
Zia Weise and Sara Schonhardt report for Politico.
In short:
- Wealthy countries are at odds over board representation for a new global fund to aid climate disaster victims.
- The EU and the U.S. disagree on whether major donors should have more seats on the board.
- These disputes have delayed the board's formation, potentially postponing crucial aid for communities affected by climate disasters.
Key quote:
“With our group, Russia is blocking all the appointments. We were unable to resolve it at COP28 in person, so everybody’s held hostage. This is still the case.”
— Ukrainian negotiator
Why this matters:
This impasse among wealthy nations underscores the urgency of resolving bureaucratic and political hurdles to provide timely support to those most affected by climate change.
