Nations Launch Climate Loss and Damage Fund on First Day of COP28 ...Middle East

(DUBAI, United Arab Emirates) — The world just took a big step toward compensating countries hit by deadly floods, heat and droughts. Nearly all the world’s nations on Thursday finalized the creation of a fund to help compensate countries struggling to cope with loss and damage caused by climate change, seen as a major first-day breakthrough at this year’s U.N. climate conference. Some countries started putting in money right away — if little compared to the overall anticipated needs. [time-brightcove not-tgx=”true”] Sultan al-Jaber, the president of the COP28 climate conference in Dubai, hailed “the first decision to be adopted on day one of any COP” — and his country, the Un

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