The New Zealand government said on Wednesday it was allocating NZ$20 million ($12 million) of climate funding to address loss and damage in developing countries.
for rich countries to pay compensation for losses inflicted on the world's poorest people by climate change. The issue is on the agenda of the U.N. COP27 climate summit this year.
"International negotiations have in the past struck difficulties regarding calls for climate finance to deal with loss and damage, as some countries are concerned over what it means for liability and compensation," Mahuta said.
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