COP26: Rich countries ‘pushing back’ on paying for climate loss
Poorer countries say they are not able to get compensation for the damage caused by climate change. …
A report by the Organisation for Economic Co-operation and Development (OECD) this year showed that in 2019, about 25% of climate finance from developed countries went towards adaptation – preparing for extreme weather events, or building seawalls, for example – while the rest went to fund projects to reduce carbon emissions.
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