US affirms commitment to finalising Loss and Damage Fund discussions at COP28

US affirms commitment to finalising Loss and Damage Fund discussions at COP28

The regional spokesperson for the U.S. Department of State, Samuel Warburg, has affirmed that negotiations on the Loss and Damage Fund will be finalised during the first week of the United Nations Climate Change Conference (COP28), which opened today at Expo City Dubai.

He also indicated that the United States believes it is time for every country to make national contributions and reach agreements related to the fund.

In comments to the Emirates News Agency (WAM) at COP28, Warburg stated, "COP28 presents a timely opportunity to finalize the ongoing negotiations on the fund that commenced following its introduction at the conclusion of COP27, the preceding climate conference held in Sharm El Sheikh, Egypt."

He further mentioned that the ongoing session of the climate conference, COP28, carries remarkable significance in demonstrating the global efforts to combat climate change ever since the establishment of the Paris Agreement (COP21) in 2015 and the parties' concurrence on the agreement's stipulations in 2016. The Paris Agreement strives to considerably reduce global greenhouse gas emissions and restrict the global temperature increase during this century to two degrees Celsius, with an aspiration to limit the rise to 1.5 degrees Celsius.

Warburg commended the UAE's participation in all