COP28 opens with ‘historic’ launch of loss and damage fund

  • Date: 30-Nov-2023
  • Source: Al-Monitor
  • Sector:Oil & Gas
  • Country:UAE
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COP28 opens with ‘historic’ launch of loss and damage fund

Nearly 200 nations agreed Thursday to launch a fund to support countries hit by global warming, in a "historic" moment at the start of UN climate talks in the oil-rich UAE.The announcement came as the Emirati host of the COP28 talks declared that fossil fuels must be part of any climate deal negotiated over the next two weeks.The talks in Dubai come at a pivotal moment for the planet, with emissions still rising and the UN on Thursday declaring 2023 on track to become the hottest year in human history. COP28 opens with 'historic' launch of loss and damage fund