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ARTICLE · 05 DECEMBER 2023

Climate Disaster Fund Agreed On Opening Day Of COP28

An early breakthrough on the opening day of COP28 see high-income nations, and historically often the biggest emitters of greenhouse gas emissions, agree on a disaster fund to help those nations most affected by climate change.

United KingdomEnvironment

An early breakthrough on the opening day of COP28 see high-income nations, and historically often the biggest emitters of greenhouse gas emissions, agree on a disaster fund to help those nations most affected by climate change.

History was made last year when funding for loss and damage was first seen on the agenda at COP27 in Egypt, and an agreement reached, but there was some concern over the lack of details and key arrangements at the time.

The activation and operationalisation of the COP28 agreement is significant, and there have already been pledges from many countries, whilst others may hold out to the end of the Summit before showing their cards.

The pressure is on. But does it go far enough?

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