For more information and interviews contact Jerome Phelps on +44 7307 620372
The Loss and Damage Fund governing arrangements were adopted today on the first day of COP28.
Heidi Chow, Executive Director of Debt Justice, said:
“The operationalisation of the Loss and Damage Fund is a vital step forward. Yet the door has been left wide open for the Loss and Damage Fund to provide finance as loans. This would pile on more debt on already highly indebted countries, and force the costs of the climate crisis onto the countries with the least responsibility for causing it. Finance for addressing loss and damage must be grant-based if it is to deliver on climate justice.”
Notes
Debt Justice (formerly Jubilee Debt Campaign) is a UK charity working to end poverty caused by unjust debt through education, research and campaigning: https://debtjustice.org.uk/
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