The implementation of the fund intended to finance climate “loss and damage” in vulnerable countries was adopted this Thursday, November 30, on the first day of COP28 in Dubai, a positive step in the hope of easing financial tensions between the North and the South in parallel with negotiations on fossil fuels.
This historic decision, greeted by a standing ovation from delegates from nearly 200 participating countries, concretizes the main result of COP27 in Egypt last year, where this fund was approved in principle but whose outlines had not yet been finalized. been defined.