COP28: Why debt cancellation is vital for climate justice ...Kuwait

Climate finance has taken centre stage at this year’s UN climate summit.  Going into COP28, the issue of who was to pay for the escalating climate crisis was top of the agenda. The conference started on a high note, with a landmark agreement to operationalise a Loss and Damage fund signed on day one.  The central tenet of Loss and Damage is that not everyone is equally responsible for or impacted by the climate crisis. Wealthy nations, who are historic polluters, should be required to provide financing for poorer, climate-vulnerable nations on the frontlines of environmental breakdown.  But despite this early win, COP28 has only secured a fraction of the estimated $38

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