Article | What Happened at COP28?
COP28 Witnesses Unprecedented Financial Backing: $3.5 Billion Allocated to Green Climate Fund, Alongside $150 Million for Least Developed Countries and Special Climate Change Fund
The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) concluded in Dubai with a series of historic commitments and achievements. The conference witnessed the establishment of a loss and damage fund dedicated to supporting climate-vulnerable developing nations. Countries pledged hundreds of millions of dollars to this fund on the inaugural day, signaling a collective effort to address climate-induced challenges in vulnerable regions.