Pakistani flood victims queue up outside a bank to receive financial assistance from the government, in hyderabad, Pakistan southern Sindh province, Pakistan on August 27, 2022. Photo Credit: Anadolu Agency/Getty Images
Environment DenmarkA First: EU Nation Funds Developing Countries Damaged by Climate Change
Denmark became the first European Union country to provide loss and damage funds to underdeveloped nations affected by climate change.
“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,” says Denmark’s development minister Flemming Møller Mortenson.
100 million Danish crowns (€13.4 million) will go to the most climate-vulnerable regions of the world – a pledge Denmark recently made at the United Nations General Assembly in New York. Development minister Mortenson added that now is the time for action. Denmark is the first UN member state to offer funds. However, Scotland and the Belgian region of Wallonia have already pledged money to developing countries for loss and damage due to climate change. The hope is that other UN nations will follow suit.
