Australian politics: All the unanswered questions about climate change damage fund at COP27

Questions are mounting over how an agreement by rich countries to pay developing ones for loss and damage from climate change will actually work – and who will have to foot the bill. 

Australia was a key proponent of the potential multi-trillion fund agreed to on Sunday at the COP27 summit in Egypt last week, but hasn’t yet committed real dollars to it.

Climate Change Minister Chris Bowen was invited by organisers to help lead negotiations on the issue, which was of paramount importance at the meeting.

But almost nothing about how the fund will work is known and even less agreed to, and will have to be thrashed out before COP28 next December.

Opposition Leader Peter Dutton was within hours attacking it as ‘giving away’ Australian tax dollars during hard economic times.

The Coalition renewed its attack a day later, claiming the agreement would result in Australia giving money to China, prompting a fiery clash in Question Time – with senior ministers furiously denying taxpayers could…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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