"Climate Summit Approves a New Fund to Help Poor Countries"

"The package, which developing countries had sought for more than three decades, passed on the first day of talks in Dubai."

"A new fund to help vulnerable countries hit by climate disasters should be up and running this year, after diplomats from nearly 200 countries on Thursday approved a draft plan on the first day of a United Nations global warming summit.

The early adoption of rules for the fund, which developing nations fought more than 30 years to create, was widely viewed as a positive sign for the two-week summit in Dubai. Sultan Al Jaber, the Emirati oil executive who is presiding over the conference, called the move a “significant milestone” and evidence that nations were ready to act with ambition on climate.

The United Arab Emirates and Germany each pledged $100 million toward the fund and the United Kingdom pledged about $76 million. Japan pledged $10 million. The European Union would contribute at least €225 million (about $245 million), Wopke Hoekstra, the E.U. climate commissioner, said on X, the social media platform formerly known as Twitter.

The United States promised $17.5 million, an amount that some activists criticized as too low for the world’s largest economy and biggest historic source of greenhouse gases."

Lisa Friedman reports for the New York Times November 30, 2023.

SEE ALSO:

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"UN Chief, COP28 President Clash Over Future Of Fossil Fuels" (Reuters)

"Agreement On Loss And Damage Deal Reached On First Day Of Cop28 Talks" (Guardian)

"There’s Less Meat At This Year’s Climate Talks. But There’s Plenty Of Bull." (Vox)

"Plans To Present Meat As ‘Sustainable Nutrition’ At Cop28 Revealed" (Guardian)

"Food And Farming Rise Up The Agenda At COP28" (Financial Times)

"King Charles Urges ‘Transformational Action’ at COP28 Climate Summit" (New York Times)

"Iran Delegates Quit COP28 Over Israeli Presence" (AFP)

"Sunak, Cameron And King Charles Each Take Own Private Jets To Travel To Cop28" (Independent)

"UAE Aims for COP28 Finance Splash With $30 Billion Climate Fund" (Bloomberg)