Canada’s $16M COP28 climate aid may last ‘less than an hour’ in a crisis: experts

Canada’s pledge of $16 million for the loss and damage fund at COP28 would cover only about an hour’s worth of climate crises in developing countries, experts have said.

On Friday, Environment Minister Steven Guilbeault, who is in Dubai for the COP28 summit, announced Canada’s pledge for a loss and damage fund, which would help developing countries rebuild after climate disasters.

“Canada is providing $16 million to address the impacts of climate change through the fund on loss…