'International climate aid is insufficient, ineffective and unfairly allocated'

Just words?

Countries attending the climate conference, held November 6-18, 2022, in Sharm El-Sheikh, agreed to establish a "loss and damage" fund to compensate least developed and island countries already suffering from the effects of climate change.

While this is a step in the right direction, it only partially solves the problem, since it simply creates a new international fund on top of existing funds (Adaptation Fund and Green Climate Fund), without correcting the flaws in climate aid design.