It was a happy Dan Jørgensen (S) who, in connection with COP28 in Dubai, was able to announce that the world's countries had finally succeeded in creating a climate fund that would compensate vulnerable countries for climate-related losses and damages. In a press release, the then climate minister called the decision "a great start to COP28", which "the Danish side has worked for".
But today, two years later, not a single krone has been paid out to countries that have suddenly been hit by a climate disaster or to those countries that are slowly disappearing due to climate change. This is reported by the investigative media Danwatch.
This is despite the fact that both Dan Jørgensen and the current climate minister Lars Aagaard (M) have previously mentioned that the first payments from the fund, which is run by the UN and the World Bank, should be made during 2025.
- It is going disappointingly slowly. It just shows that the rich countries are once again running out of money, says senior climate advisor at the development and emergency aid organization Care Denmark, John Nordbo.
He is supported by climate policy advisor at Oxfam Denmark, Mads Busck:
- This is a huge delay. It is the most climate-vulnerable societies and the poorest people in the world who are paying the price. Seen in that light, it is a great pity that nothing has happened yet. It is a matter of life and death.
Several thousand people lost their lives last year due to climate disasters, including over 700 people in Pakistan, and according to the EU's climate service Copernicus, 2025 was the third warmest year ever.
Ministry of Foreign Affairs: Funds are still in a building phase
Danwatch has asked the Ministry of Foreign Affairs why the fund has not yet disbursed funds despite the fact that it was supposed to happen in 2025 and has related to them the organizations' criticism.
In a joint response, they write that in November the Fund for Loss and Damage invited countries affected by the effects of climate change to submit project proposals with a budget of 5 - 20 million dollars.
“Unfortunately, it has not gone as quickly as hoped, but the fund is still in a building phase, where the secretariat and the capacity for implementation will gradually have to will be expanded and strengthened over the coming years. With the first invitation to submit project proposals, however, it has been possible to make the fund operational approximately 2 years after its launch at COP28 in Dubai”, it says.
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