COP28: Big bang start for Climate Fund Deal on day 1

At COP28, the Loss and Damage Fund made a strong start, raising over $400 million on the first day. The UAE and Germany each pledged $100 million, the US $17 million, the UK around €40 million, and Japan $10 million.

This fund aims to support developing countries affected by extreme climate events, marking a significant step in global efforts for climate resilience and recovery.

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