A man wearing a thawb walks past flags of nations participating in the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates.
Dubai, UNITED ARAB EMIRATES — Countries at the U.N. COP28 summit on Thursday agreed on deal details for a disaster fund to help nations reeling from damages caused by the climate crisis.
So far, the pledges to the fund include $100 million from Germany, $100 million from the United Arab Emirates, $17 million from the U.S. and $10 million from Japan.
High-income countries, which account for the bulk of historical greenhouse gas emissions, have long opposed the creation of a loss and damage fund to compensate low-income nations.
Avinash Persaud, special climate envoy to Barbados, said that the deal reflects "a hard fought historic agreement."
Persons:
Friederike Roder, Roder, Avinash Persaud
Organizations:
United Arab Emirates, UNITED, EMIRATES, United Arab, Bank, Global Citizen
Locations:
Dubai, United Arab, COP28, United Arab Emirates, COP27, Egypt, Germany, U.S, Japan, Barbados