Rich nations must pay for climate damage: NGOs
(VOVWORLD) - Climate negotiations opening next week in Madrid must prioritise funding for nations already dealing with the cost of drought, floods and superstorms made worse by rising temperatures, more than 150 environmental groups said Friday.
In an open letter to the president of the COP 25 talks, Chile's environment minister Carolina Schmidt, the organizations urged agreement on "the creation of a comprehensive financing facility, including debt relief, for developing countries experiencing such disasters.”
The Madrid conference is set to be dominated by discussions on so-called "loss and damage" funding, with a sharp divide between developing nations and richer polluters over how finance should be structured.