Canada to contribute $16 million for climate change
Dec. 1, 2023
Global Korean Post
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As a first move at COP28, Canada announced support for developing countries to address loss and damage due to climate change
Climate change is a global crisis that affects the entire world, but its devastating effects are not shared equally among countries. Developing countries, which contribute the least to the pollution that causes climate change, are the most vulnerable to some of its harshest consequences, like intense storms, catastrophic flooding, and rising sea levels. Canada is committed to helping developing countries address climate-related loss and damage.
To kick off COP28 UAE, the government of Canada announced a $16 million contribution to the start-up cost of a global fund to address loss and damage.
This contribution, made in partnership between Steven Guilbeault, Minister of Environment and Climate Change and Ahmed Hussen, Minister of International Development, makes Canada one of the first contributors to the fund.
This seed contribution will support the fund as it starts to provide vulnerable countries and communities with the resources they need to respond to the worst impacts of climate change.
Canada was an early advocate for the need to make progress on the issue of loss and damage at COP27 in 2022. Over the last year, Canada has been a progressive voice in brokering the historic agreement working with both developed and developing countries in bringing forward recommendations on the operationalization of the fund that were adopted at COP28.
In 2023, Canada has contributed to the rapid launch of two multilateral funds: the Global Biodiversity Framework Fund, which was adopted at COP15 in Montréal last year and launched this past year at the Seventh Assembly of the Global Environment Facility (GEF) in Vancouver, and this fund under the loss and damage decision at COP28
