The EU is now open to a climate damage fund. Is the U.S.?

POLITICO Energy

English - November 17, 2022 10:00 - 6 minutes - 6.15 MB - ★★★★ - 120 ratings
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At the climate change talks in Egypt on Wednesday, the European Union
signaled openness to discussing the creation of a new loss and damage
fund. The fund, which developing nations have been calling for, would
create a new pool of money to disburse to poor countries that have
suffered irreversible climate damage. After the EU’s new stance, the
spotlight is now on the United States, which has been less clear on its
position. POLITICO’s Zack Colman breaks down the state of negotiations
for the loss and damage fund and if the European Union’s new stance
shifts the momentum. Plus, EPA’s watchdog has launched two probes into
the Jackson water crisis. And, Ukraine has warned its allies that it may
not be able to recover from more Russian attacks on the country’s energy
systems.

Josh Siegel is an energy reporter for POLITICO.

Zack Colman covers climate change for POLITICO.

Nirmal Mulaikal is a POLITICO audio host-producer.

Raghu Manavalan is a senior editor for POLITICO audio.

Jenny Ament is the executive producer of POLITICO’s audio department.

At the climate change talks in Egypt on Wednesday, the European Union signaled openness to discussing the creation of a new loss and damage fund. The fund, which developing nations have been calling for, would create a new pool of money to disburse to poor countries that have suffered irreversible climate damage. After the EU’s new stance, the spotlight is now on the United States, which has been less clear on its position. POLITICO’s Zack Colman breaks down the state of negotiations for the loss and damage fund and if the European Union’s new stance shifts the momentum. Plus, EPA’s watchdog has launched two probes into the Jackson water crisis. And, Ukraine has warned its allies that it may not be able to recover from more Russian attacks on the country’s energy systems.