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COP28 adopts historic loss and damage fund

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The 28th Conference of the Parties (COP28) has commenced in Dubai, marking a
momentous start with the adoption of critical recommendations put forth at the 5th
meeting of the Transitional Committee 5 (TC5).
Acknowledging the urgency of global climate action, COP28 wasted no time in
endorsing the comprehensive set of recommendations proposed by the Transitional
These recommendations, crafted with extensive research and collaboration among
experts, focus on key aspects critical to mitigating climate change and fostering
sustainability worldwide. From renewable energy initiatives to biodiversity
conservation strategies, TC5's recommendations align with the urgent need to
accelerate efforts in achieving the goals outlined in previous COP meetings.
As delegates convene in Dubai for COP28, the swift adoption of TC5's
recommendations sets a precedent for robust and decisive action in combating
climate change. The commitment displayed on the first day of this crucial summit
underscores the determination of nations to address the pressing challenges posed
by climate change collectively.
Close to 300 million USD has been pledged by several nations for the
operationalization of the fund.
Director of the Department of Environment, Ambassador Diann Black-Layne was
present for the adoption of the decision. She stated, "This was definitely a lot of
hard work over the past few years, and I am so happy that the UAE COP
presidency decided to adopt it at the beginning of COP28, recognizing the
importance of such a fund."
The Ambassador expressed sincere thanks to the entire team at the Department of
Environment for their support, the Prime Minister, Gaston Browne, and the
Environment Minister, Sir Molwyn Joseph as well as the office in NY that played a

pivotal role in the chairmanship of the Alliance of Small Island Developing
In the coming days, COP28 aims to build upon this momentum, fostering dialogue
and collaboration among nations, policymakers, and stakeholders. Together, they
will forge a path toward a sustainable future, one that safeguards the planet for
generations to come.

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