Climate conference decides to set up funds for climate-related damage

The Commission is to include ten representatives from the industrialized countries and 13 from the developing countries.

Climate conference decides to set up funds for climate-related damage

The Commission is to include ten representatives from the industrialized countries and 13 from the developing countries. The beneficiaries of the fund are developing countries that are particularly vulnerable, for example due to drought or flooding. This focus on the highly endangered states was initially controversial. Specifications regarding the volume of the fund and the group of contributors have not yet been made.

The conflict was also postponed as to whether emerging countries with high emissions and strong economic power such as China should also be among the contributors. However, there is already talk of "further sources of finance" that are not defined in more detail.

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