COP28 Live | Climate Summit Talks Begin With Breakthrough Deal On Loss & Damage Fund | Dubai

The COP28 climate conference in Dubai marks the official launch of a crucial initiative—the loss and damage fund designed to assist vulnerable nations in addressing the repercussions of climate change. With an initial funding target of $475 million, key contributors include the UAE committing $100 million, the European Union pledging $275 million, the US contributing $17.5 million, and Japan providing $10 million. This fund, conceived during COP27, saw resolution of disputes between rich and poor nations in the weeks leading up to COP28, highlighting a collaborative effort to address climate-related challenges on a global scale. #cop28 #dubai #uae #japan #dubai #worldnews n18oc_world n18oc_crux CRUX is your daily video news guide to the big events that are shaping our world. We track news, geopolitics, diplomacy and defence strategies and explain how they shape national policies. Crux makes sense of global developments, and analyses their impact on daily live