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.
“We’ve delivered history today. The first time a decision has been adopted on day 1 of any COP. And the speed in which we have done so is also historic.
— COP28 UAE (@COP28_UAE) November 30, 2023
Getting this done demonstrates the hard work of so many, particularly members of the transitional committee who worked… pic.twitter.com/vPIpX5QBjw
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