Delegates also agreed that the World Bank should organize a climate damage fund for at least the first four years. This is noteworthy, because for months developing countries have been opposed to this idea.
These countries feared that less money would go to affected areas through an “intermediary” such as the World Bank, as Brandon Wu of the human rights organization ActionAid previously explained. While these funds are urgently needed to help vulnerable countries cope with damage caused, for example, by floods, droughts or extreme weather events. There may also not be direct access to these funds.
It is uncertain whether enough has now been agreed in Abu Dhabi to reach an agreement at the climate summit in Dubai. Human rights activists fear that the tension in the negotiations will extend to the talks in Dubai.
