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The agreement will be sent by the transitional committee to the UN climate summit to be held in Dubai for further deliberations, along with the objections the US raised | Latest News India
Tense negotiations at the final meeting on a climate-related loss and damages fund - an international fund to help poor countries hit hard by a warming planet - ended Saturday in Abu Dhabi, with participants agreeing that the World Bank would temporarily host the fund for the next four years.
The U.S. pushed for voluntary payments in a high-stakes negotiation over a global fund for climate disasters.
The Bridgetown Initiative for international climate finance reform has struggled to overcome criticism of its massive scale, but several genuinely farsighted proposals dropped during recent negotiations offer climate-vulnerable nations a vision of real change.
Last-chance saloon for loss and damage deal before COP28 - The New Humanitarian puts quality, independent journalism at the service of the millions of people affected by humanitarian crises around the world