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Finding Ways to Get Polluters to Pay for Climate Damages
One new idea is modeled on an international fund that makes oil importers pay to clean up spills.
Workers observe an oil spill on Cavero beach in Peru, on Jan. 19, 2022.
Photographer: Miguel Yovera/BloombergThis is from the Green Daily newsletter. Sign up to receive it in your inbox.
The biggest achievement at the annual United Nations climate summit last year was committing to create a fund that would compensate the poorest for destruction wrought by global warming. One of the questions at the upcoming COP28 summit will be how to add money to this new loss-and-damage fund.