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Public financing: Public financing from developed countries will never be sufficient for this purpose. Funding mechanisms that are independent of public treasuries of the developed countries can substantially complement the mobilisation of L&D funds.
What is the arrangement for this funding mechanism? Who will pay into the fund? Who is eligible?
Ironically, the UAE has appointed Sultan Al Jaber, the Chief Executive Officer of the Abu Dhabi National Oil Company (ADNOC), one of the world’s largest oil producers, to preside over COP28.
New Delhi’s presidency could prove instrumental in steering policy towards climate action, sustainable growth, energy security and a host of other issues
UNFCC: The challenge before the UNFCCC is to get the new funding systems to help the poorest victims access funds for addressing loss and damage as quickly as possible.