"A Climate Fund Was Born. It Still Doesn’t Have Any Money."

"Two months after officials from around the world reached a surprise agreement to provide aid for escalating climate damages, the new fund hasn’t received a single pledge.

The fund, created to help poor nations grapple with unstoppable climate dangers, like rising seas, was seen as a major victory at the global climate talks in Egypt late last year. The absence of any financial commitments since then is raising concerns in developing countries that the fund could fail to deliver the historic help that was promised by world leaders.

That’s largely because the agreement left more questions than it answered, including where the money will come from."

Sara Schonhardt reports for E&E News January 11, 2023.