COP28 approves climate disaster fund arrangements

Countries at the United Nations Climate Change Conference (COP28) on Thursday formally approved a deal on a new climate disaster fund.

The deal was adopted following the COP28 opening ceremony at Expo City Dubai, drawing a standing ovation from delegates.

Representatives from developed and developing countries painstakingly crafted the agreement during negotiations this year.

It will launch a fund to help vulnerable nations cope with the cost of climate-driven damage from drought, floods and rising seas.

“We’ve delivered history today. The first time a decision has been adopted on day 1 of any COP. And the speed in which we have done so is also historic.

Getting this done demonstrates the hard work of so many, particularly members of the transitional committee who worked… pic.twitter.com/vPIpX5QBjw

— COP28 UAE (@COP28_UAE) November 30, 2023