Global Climate Talks Begin With Surprise Breakthrough on Damage Reparations

Posted on AllSides November 30th, 2023
From The Center
Giuseppe CACACE / AFP

In an auspicious start for the two-week climate summit known as COP28, delegates agreed on the details of a fund to compensate developing countries for damages caused by warming temperatures.

The loss and damage fund, which was first created at last year's COP27 summit in Sharm El-Sheikh, Egypt, has now been "operationalized," and some countries have already agreed to start paying into it. A draft agreement was circulated earlier in November, though some controversy surrounded its details, like the designation of the World Bank as the home for the fund....

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