COP28 kicks off with climate disaster fund victory

While refineries are being built in Mexico, and obstacles are being placed on clean energy projects, at the United Nations Conference on Climate Change COP28 these issues are discussed as a priority even for major oil-producing countries, as the Summit takes place. in Dubai.

Attendees arrive for the opening of U.N.’s COP28 climate summit in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky Acquire Licensing Rights

• COP28 adopts new fund to help poor nations with disasters
• U.S., Japan, UAE among first to announce new contributions
• Countries and oil companies urged to work together

The U.N. climate summit clinched an early victory Thursday, with delegates adopting a new fund to help poor nations cope with costly climate disasters.

COP28 president Sultan al-Jaber said the decision sent a “positive signal of momentum to the world and to our work here in Dubai.”

In establishing the fund on the first day of the two-week COP28 conference, delegates opened the door for governments to announce contributions.

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