‘Under No Circumstances’ Will US Pay Poor Nations For Climate Damages
John Kerry, U.S. President Joe Biden's climate envoy, made clear at a congressional hearing Thursday that Washington has no intention of compensating impoverished countries for destruction wrought by the fossil fuel-driven climate emergency despite playing an outsized role in creating it and continuing to accelerate it.
During the United Nations COP27 summit held last year in Egypt, delegates agreed to establish a "loss and damage" fund through which rich nations can provide poor ones with financial resources to help cover the escalating costs of extreme weather disasters, which are growing in frequency and intensity due to unmitigated greenhouse gas (GHG) pollution.