The UN climate change conference on Thursday operationalized a fund to support the world’s particularly vulnerable countries in their efforts to cope with the loss and damage caused by climate change.
This decisive action on the Loss and Damage Fund marks a breakthrough on the first day of the 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change held in Dubai, the United Arab Emirates (UAE).
Several countries, led by the UAE, made their financial commitments to the fund, with the UAE contributing 100 million U.S. dollars, Germany, 100 million dollars, Britain, 40 million pounds (about 50.6 million dollars) and 20 million pounds for other arrangements, Japan, 10 million dollars, and the United States, 17.5 million dollars.
