COP28 Live | Climate Summit Talks Begin With Breakthrough Deal On Loss & Damage Fund | Dubai
The COP28 climate conference in Dubai marks the official launch of a crucial initiative—the loss and damage fund designed to assist vulnerable nations in addressing the repercussions of climate change. With an initial funding target of $475 million, key contributors include the UAE committing $100 million, the European Union pledging $275 million, the US contributing $17.5 million, and Japan providing $10 million. This fund, conceived during COP27, saw resolution of disputes between rich and poor nations in the weeks leading up to COP28, highlighting a collaborative effort to address climate-related challenges on a global scale.
#cop28 #dubai #uae #japan #dubai #worldnews
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