The first day of the United Nations’ Climate Change Conference COP28 kicked off on Thursday in the United Arab Emirates with a formal approval of the draft decision for the Loss And Damage Fund. “We’ve delivered history today. The first time a decision has been adopted on day 1 of any COP. And the speed
Egyptian foreign Minister Sameh Shoukry issued a “reality check” in his final speech as COP27 president, at the opening ceremony of the United Nations’ Climate Conference in Dubai. “Most of what we bring forward as tangible solutions and actionable commitments is based on speculation or well wishes,” he said on Thursday. Stating that climate finance
The fund will help developing countries that are vulnerable to the consequences of climate change. Its scale or replenishment cycle, however, remains unclear. Some economists said the need of the hour is several trillion dollars.