US refuses climate reparations for developing nations

Prior to traveling to China to examine the matter, climate envoy John Kerry made the comments at a congressional meeting.
Some nations want developed economies, which are the biggest producers of greenhouse gases, to pay for previous emissions.
Poorer countries have a fund set up for them, but it’s not clear how much the wealthy nations will contribute.
During a hearing before a House of Representatives foreign affairs committee, Mr. Kerry, a former secretary of state, was questioned about whether the US would compensate nations hurt by floods, storms, and other climate-related calamities.
When asked by committee chair Brian Mast, he replied, “No, under no circumstances.” Days before he was scheduled to go to Beijing to meet with government representatives to discuss climate change-related matters, including preparations for this year’s UN climate conference, COP28, which will be held in Dubai, United Arab Emirates, in November.
More than 200 countries decided to establish a loss and damage fund during the COP27 meeting in Egypt last year. This fund will first be funded mostly by rich countries before it is dispersed to “particularly vulnerable” countries.
The deal was touted as one of the summit’s key accomplishments, but there are still a lot of specifics to work out, including how much the wealthier countries will contribute and how the money will be allocated. This year, a number of meetings have been held with the goal of addressing these problems.
Developing countries, who they claim historically contributed to climate change through their high greenhouse gas emissions and are disproportionately affected by its effects, have been urged to provide guaranteed compensation.
Richer nations understand the need to contribute more money to the problem, however it is debatable whether or not to refer to the payments as reparations because some feel it is a divisive term.
Developing nations contend that the financial goals set to solve the problem of climate change are too modest.