Countries agree to operationalize the loss and damage fund

At the COP28 opening today all parties showed solidarity by agreeing to operationalize the loss and damage fund and funding arrangements.
Amid scenes of applause and jubilation in the Plenary Hall, several countries pledged money to the fund totaling some $300 million.
“Today’s news on loss and damage gives this conference a running start,” said UN Climate Change Executive Secretary Simon Stiell. “Governments must use this momentum to deliver a truly ambitious outcome in Dubai.”