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What is COP28 Fund for Climate Loss and Damage about?

COP28 President Dr. Sultan Al Jaber operationalized the Loss and Damage Fund within one year of agreement at COP27. The fund will assist developing countries vulnerable to climate change impacts. At COP28, the UAE committed $100 million to the fund, followed by commitments from Germany, the UK, Japan, and the US. This decisive action enables parties to focus on strengthening climate targets and progress under the Paris Agreement at the Global Stocktake.

Author

Hajrah Waqas

Language

EN