Richer countries are starting to pay poorer ones for climate change damages

During the COP29 negotiations, the key issue revolves around how much compensation rich countries should provide to less wealthy nations significantly impacted by climate change.

Richer countries are primarily responsible for climate change, creating the imperative for them to support vulnerable nations through financial compensation for climate disasters.

Scotland's initiative to provide compensation for climate-displaced residents serves as a practical example of how loss and damage funds can be applied in real situations.

At COP29, countries will continue to discuss and refine the mechanisms of the loss and damage fund set up in the previous negotiations.

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