COP28 Inaugurates with Historic Fund Capitalization and Unprecedented Climate Pledges on Day One

• In a historic start to COP 28 in Dubai, world leaders and negotiators convened to celebrate unprecedented achievements, setting an optimistic tone for ambitious climate action.
• The challenge at hand was to operationalize this fund within a remarkably short timeframe of one year, involving a series of five committee meetings to meticulously work out the details and secure the necessary seed capital. The news of progress on loss and damage initiatives during the early days of the UN climate conference was hailed as a significant stride forward.

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Published date : 01 Dec 2023 05:02PM