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The agreement of broad terms to operationalise a new global loss and damage fund has been hailed as a milestone in climate finance. But green economy experts are flagging concerns about insufficient funding commitments and who will pull the strings.
COP28 in Dubai sees major progress with agreement on a global loss and damage fund to aid vulnerable communities. Learn about the top nations contributing, including the UAE, UK, and Germany.
The agreement is an essential progress to compensate low-income countries for climate change impacts but its shortcomings could turn it into an empty promise.