CNN —The United States is receiving criticism for contributing an “embarrassing” amount of money to a new climate fund adopted Thursday at the COP28 talks in Dubai, offering a pledge more than five times lower than the United Arab Emirates .
Some countries pledged money to the fund right after it was agreed.
Money from rich nations must now begin flowing into the fund, they said.
Several wealthy nations, including the United States, have been reluctant to tie countries’ obligations to their historic emissions.
It’s also been contentious because wealthy nations have expressed concern that paying for such a fund could be seen as admission of climate liability.
Persons:
Sultan Al Jaber, ”, Ani Dasgupta, Dasgupta, ” “, ” Dasgupta, Mohamed Adow, ” Adow, “, Biden, John Kerry, ” Tom Evans, ” Evans, “ they’re, It’s, Al Jaber —, ADNOC —, Al Jaber
Organizations:
CNN, United, United Arab Emirates, World Bank, Japan, World Resources Institute, Republican, Republicans, US
Locations:
United States, Dubai, United Arab Emirates, United Arab, Germany, UAE, COP28, Egypt