Norwegian Prime Minister Jonas Gahr Støre avoided committing financing to the climate Loss and Damage fund on Monday, despite record windfall revenues last year from fossil fuel extraction.
Though Støre claimed Norway was ready to play a leading role in key climate finance issues, he declined to answer whether Norway would commit Loss and Damage funding, despite having been asked three times by Devex.
“We are supporting … as we did in [the United Nations climate summit COP 27 in] Sharm el Sheikh, that this [Loss and Damage] mechanism is coming up, and that it should be developed to the largest extent possible by consensus,” said Støre at a press event.
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About the author
William Worley@willrworley
Will Worley is the Climate Correspondent for Devex, covering the intersection of development and climate change. He previously worked as UK Correspondent, reporting on the FCDO and British aid policy during a time of seismic reforms. Will’s extensive reporting on the UK aid cuts saw him shortlisted for ‘Specialist Journalist of the Year’ in 2021 by the British Journalism Awards. He can be reached at william.worley@devex.com.
