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.

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