Countries Agree on Compensation Fund for Climate-Impacted Nations at COP28

Countries Agree on Compensation Fund for Climate-Impacted Nations at COP28
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The UN climate talks, known as COP28, began in Dubai with countries reaching an early agreement on compensating developing nations that bear the brunt of the climate crisis. The agreement focuses on the operationalisation of the Loss And Damage Fund, which was established during COP27. The fund aims to provide support to vulnerable communities and countries that are particularly vulnerable to the effects of climate change. The draft agreement asked developed countries to contribute to the fund, while also opening the possibility for contributions from other countries and private parties…

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