Experts call for 'loss and damage' fund for nature in developing world

Rich nations should pay for biodiversity loss, which disproportionately affects poor countries, say scientistsWealthy countries should pay for the loss and damage they cause to nature in poorer countries in the same way as for climate impacts, researchers have argued.At the Cop27 climate talks in November, world leaders agreed to a dedicated "loss and damage" fund providing financial assistance to poor nations stricken by climate disaster. More developed countries, which are largely responsible for driving climate breakdown, are to pay compensation to poorer nations, which are typically more vulnerable to its impacts. Continue reading...