Wealthy nations accused of delaying loss and damage fund with slow payments
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Wealthy countries have handed over less than half of what they promised to the loss and damage fund for victims of climate change

Wealthy nations risk undermining the loss and damage fund’s plan to deliver $250 million in aid next year to climate-vulnerable countries hit by extreme weather, board members from developing nations said this week.

While rich nations have pledged $789 million, they have only transferred $348 million so far to the Fund for Responding to Loss and Damage (FRLD), which all governments agreed to set up two years ago under the UN climate talks and is now in its start-up phase.