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Canada commits $16M to new global climate damage fund – Atinito News

Dec 01, 2023

After nations agreed to a landmark deal to create a global climate damage fund on the first day of climate talks at COP28, Canada pledged its own support on Friday and joined the list of developed countries to back the new deal.

Other countries have pledged between $10M and $100M US.

Environment Minister Steven Guilbeault announced an initial commitment of $16 million toward the loss and damage fund.

“We think this is a significant step forward,” Guilbeault said to reporters shortly after the opening of the Canadian pavilion at COP28 in Dubai, United Arab Emirates.

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