China, Saudi Arabia must be part of new fund for climate loss and damage: Guilbeault

OTTAWA — Environment Minister Steven Guilbeault says all big emitters, including China, must contribute to a new global climate loss and damage fund for developing countries.

This year’s climate talks in Egypt were the first where the final pact was to include movement on a fund built by the richest countries that are most responsible for the emissions that cause climate change.

It is intended to help countries that are least responsible for climate change — but most affected by it — to rebuild, repair and recover after climate-related disasters.

Guilbeault says Canada was among the first countries pushing for the fund and is insisting that the world’s biggest emitters must all be involved.