Countries Launch ‘Loss & Damage’ Fund, Clearing Way For Mitigation Talks

November 30, 2023
Negotiators at the ongoing U.N. climate talks in Dubai have agreed to launch a “loss and damage” fund for vulnerable countries already experiencing climate change-related damages, with observers noting that the quick agreement on the issue clears the way for thornier climate mitigation debates at the two-week conference. Now that the loss and damage fund is slated to begin operations at the World Bank -- and donor countries including the U.S. have made initial pledges of nearly $500 million --...

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