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Dec 05, 2023 // Parties to COP27 last year agreed to the establishment of a Loss & Damage Fund to support Global South countries most impacted by climate disasters. This was a big win, but work remains to be done this year as decisions about the implementation of the fund are considered, writes Blair Glencorse.
More pledges are expected to be made to the new fund during the two-week COP28.
Delegates from the almost 200 nations attending the global COP28 climate summit in Dubai reached a breakthrough agreement on Thursday that establishes a fund for loss and damage in developing countries impacted by climate change.
Developed and developing countries have already come to blows, figuratively, even before this year’s climate conference has begun. There were disagreements over the terms to operationalise a new fund to compensate those people facing the worst effects of climate change
Carbon Brief examines a draft framework for a new UN fund to help nations recover from the “loss and damage” caused by climate change.