COP28: Poor countries win 30-year fight for climate cash
In a surprise that has lit up COP28, delegates have agreed to launch a long-awaited fund to pay for damage from climate-driven storms and drought.
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In a surprise that has lit up COP28, delegates have agreed to launch a long-awaited fund to pay for damage from climate-driven storms and drought.
The rich caused the crisis whose brunt will be borne by the poor. The ‘polluter pays’ principle ought to guide policies for climate action.
In this article, we will be taking a look at the 30 poorest countries in the world. To skip our detailed analysis, you can go directly to see the 5 Poorest Countries in the World. Global Wealth and Inequality Global wealth inequality has caused a rift for poor countries to improve their economies and enhance […]
The European Union made a major breakthrough Friday in efforts to stop sending its plastic trash to poor countries. Under a tentative agreement, the 27 EU countries will no longer be able to export their plastic waste outside the Organization for Economic Cooperation and Development club of wealthy countries. The text now needs to be formally approved by both the council representing the EU member states and the EU Parliament to enter into force.
The European Union's top climate official said Thursday that China should stop building new coal-fired power plants and contribute to a global fund to help poor countries affected by climate change. Wopke Hoekstra, the EU climate commissioner, raised both issues in what he called intensive and open conversations with his Chinese counterparts ahead of U.N. climate talks opening in Dubai at the end of this month. Europe and the U.S. have been arguing that wealthier emerging economies such as China and Saudi Arabia should also give money to the fund.