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DUBAI, Nov 29: In the 28th Conference (COP28) of the United Nations Framework Convention on Climate Change, the issue of providing financial support to the damages caused by climate change is going to be the most complicated one.
AS THE world converges on Dubai for this year’s international climate talks (COP28), small island developing states (SIDS) have once again laid bare their list of needs to successfully tackle climate change and its varied and worsening risks and...
A draft text released by the UAE presidency ahead of the opening plenary session of the 28th United Nations Climate Summit (COP28) calls upon the developed countries to lead in committing finance to the crucial Loss and Damage fund. No country, though, is legally obliged to contribute to the fund as of date
About $475 million was immediately committed to the fund, with the European Union pledging nearly $275 million, and hosts UAE promising another $100 million.
COP28 in Dubai sees major progress with agreement on a global loss and damage fund to aid vulnerable communities. Learn about the top nations contributing, including the UAE, UK, and Germany.