A loss and damage fund to help the poorest and most vulnerable countries affected by climate change was agreed on the opening day of COP28. Several countries have pledged money to the fund, worth a reported $429 million.
Dr Radhika Khosla, Director of the Oxford Martin Programme on the Future of Cooling, said:
'This is a critical step towards taking global responsibility for the irreversible impact of human induced climate change on low- and middle-income countries, whose development priorities are also the most affected by increasing climate impacts.
One key impact on such nations is rising intensity, duration and frequency of heat-related stress, which claims lives and disrupts productivity, and addressing such climate impacts through the fund will support communities impacted to build resilience.'
Learn how the Loss and Damage fund can help prevent biodiversity loss.