Unity, Not Division, Could Help Evolve Climate, Biodiversity Finance Roadmap

November 14, 2023

With imbalances in nature and environmental hazards due to climate change and the loss of biodiversity, maintaining the earth’s temperature rise at 1.5° Celsius above its pre-industrial level is proving to be difficult. Sharp divisions among countries with respect to their positions on finance for climate change mitigation and adaptation are set to further complicate efforts.

The fault lines among countries were evident at the UN Transitional Committee meeting held on November 6 in Abu Dhabi, UAE, which proposed a watered-down Loss and Damage Fund deal for adoption at the upcoming UN climate change conference (UNFCCC COP 28).