As UN climate summit looms, Denmark becomes first country to pay for ‘loss and damage
22 Sep 2022
Denmark is directing more than $13 million to aid countries hard hit by climate change, becoming the first wealthy nation to pay for “loss and damage” from increasingly extreme weather.
“I saw for myself in Bangladesh this spring that the consequences of climate change need increased focus,” Danish development minister Flemming Møller Mortensen said in a statement. “It is grossly unfair that the world’s poorest should suffer the most from the consequences of climate change, to which they have contributed the least.”
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EU asks 44 oil and gas producers to provide new CO2 storage solutions
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The European Commission said on Thursday it had asked 44 oil and gas companies to contribute to the EU's collective target of storing at least 50 million tonnes of CO2 per year by 2030, as part of the bloc's aim to achieve climate neutrality.
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