Canada commits $16M to new global climate damage fund

Other countries have pledged between $10M and $100M US

Cbc.ca
Dec. 1, 2023
Kyle Bakx

After nations agreed to a landmark deal to create a global climate damage fund on the first day of climate talks at COP28, Canada pledged its own support on Friday and joined the list of developed countries to back the new deal.

Environment Minister Steven Guilbeault announced an initial commitment of $16 million toward the loss and damage fund.

"We think this is a significant step forward," Guilbeault said to reporters shortly after the opening of the Canadian pavilion at COP28 in Dubai, United Arab Emirates.

"Canada has been arguing now more than a year that we should have a serious conversation about loss and damage after ignoring it for almost 30 years," he said.

The fund is designed to help developing countries cope with the impacts of climate change such as floods, drought and rising sea levels.
More than $400 million US has been raised so far, including $100 million US from the U.A.E. and Germany, while the United States contributed $17.5 million. In U.S. dollars, Canada's contribution is about $11.8 million.

For countries to reach this type of agreement is being applauded not only because of its significance, but also for making this type of progress so quickly after the conference began.

It was a history-making moment, said Catherine Abreu, founder and executive director of the advocacy group Destination Zero and a member of Canada's Net-Zero Advisory Body.

"This loss and damage fund is something that developing countries, in particular vulnerable countries, have been pushing for for decades," she said.

At a ceremony to mark the opening of the Canadian pavilion, some Indigenous leaders raised the issue of how many communities within Canada also need help to cope with severe climate impacts.

"Just this year, we saw significant loss and damage in our communities through forest fires and from floods and we're seeing droughts now," said Cassidy Caron, president of the Métis National Council, which has a 15-person delegation at COP28.

While the fund agreed upon at the UN climate talks on Thursday is only for developing nations, Guilbeault said there is work to do for all levels of government in Canada to better support Indigenous communities impacted by climate change.