COP29: Plans for Climate Reparations Fund Begin to Take Shape in Azerbaijan

Activists are calling for at least $1.3 trillion for ‘climate justice,’ but critics argue that subsidizing ineffective governments is illogical.

People outside the conference venue prior to the COP29 Climate Conference in Baku, Azerbaijan, on Nov. 9, 2024. Sean Gallup/Getty Images

A fund aimed at having wealthy nations that profited from fossil fuels during the Industrial Revolution compensate developing countries is taking shape at the COP29 U.N. Climate Summit in Baku, Azerbaijan.

The Loss and Damage Fund, agreed upon at COP27, is now being finalized at COP29, which began on Nov. 11 and runs until Nov. 22.