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No loss and damage payouts reach vulnerable nations ahead of COP31

A contributor argues COP31 must prioritize delivering promised funding, noting a loss and damage fund has not yet sent US$20 million despite months of climate diplomacy activity.

Reported · Written up by our desk · Trade & Tariffs

Ahead of COP31, a commentary piece in SCMP Economy says no payout from the loss and damage fund has reached vulnerable nations.

The article argues that climate summits often rely on an illusion that the next pledge will deliver meaningful rescue money, saying the promised scale of funding has not materialized.

It also contrasts urgent climate impacts with the speed of convening global meetings, citing a glacier collapse that caused fatalities and displacement in Nepal.

With COP31 due to open in Antalya, Turkey, the piece urges COP31 to focus on moving already promised money, describing a fund that cannot send US$20 million to a grieving country as still only operating as a promise rather than delivered finance.

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