In Egypt, Barbados Prime Minister Mia Mottley re-upped her call for a Climate Mitigation Trust, funded through a $500 billion issuance by the International Monetary Fund of Special Drawing Rights, a reserve currency controlled by the fund. The G77 countries and China—which represents developing countries in the UNFCCC process—“is united in its demand for establishment of a dedicated finance facility to provide new and additional financial support to developing countries for addressing loss and damage associ
Source: The U.S. Is Presenting a Bad, Distracting Plan at U.N. Climate Talks | The New Republic
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