COP28 Scores Early Win With $260 Million For Climate Damages

UAE and Germany pledge $100 million each to start initiative
World Bank to host Loss and Damage Fund on trial basis

Attendees walk through the campus in the Blue Zone.Photographer: Hollie Adams/Bloomberg

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By Jennifer A Dlouhy and John Ainger

November 30, 2023 at 8:24 AM UTC

Updated on

November 30, 2023 at 1:22 PM UTC

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Nearly 200 nations agreed on how to run a fund to help vulnerable countries deal with more extreme weather, and rich nations pledged at least $260 million to start the program, marking a breakthrough as global climate negotiations opened in Dubai.