EU Commission Announces Intention to Pledge Funds for Loss and Damage

On 13 November, EU Climate Commissioner and Chief COP28 Negotiator Wopke Hoekstra stated that the EU is ready to announce a “substantial financial contribution” to the Loss and Damage fund at COP28 in the context of an ambitious outcome at COP28 across mitigation, adaptation and means of implementation in a way that leaves no one behind. This seems to suggest that the pledge might be tied to agreements with high emitting countries that would enhance their ambition. It also plans to announce a financial contribution in support of the COP28 Renewable Energy and Energy Efficiency pledge.

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