‘Loss-and-damage’ fund for hardest-hit nations agreed on first day of COP28 - News Summed Up

‘Loss-and-damage’ fund for hardest-hit nations agreed on first day of COP28


THE COP28 climate summit got off to a rapid start, with a new fund to compensate victims of climate change agreed on the opening day. The “loss-and-damage” fund was agreed in principle last year at COP27, in Egypt (News, 25 November 2022), and rules were hammered out during meetings throughout 2023. The fund is a victory for developing countries who have fought hard for it over the past decade. He said: “Because of climate change, it’s getting warmer, and the temperature is reaching 55°C. I wish the world leaders would pay more attention to climate change.


Source: The Times December 02, 2023 05:56 UTC



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