UN Secretary-General Antonio Guterres welcomed the decision taken at COP 28 to operationalize the new Loss and Damage Fund. The move was hailed as a major step forward in the fight against climate change.
The new Loss and Damage Fund aims to support developing countries suffering the most severe consequences of climate change, such as extreme weather events. These countries are on the front lines and face considerable costs in dealing with the devastation caused by these events.
The implementation of this fund is essential to ensure climate justice, according to Antonio Guterres. He calls on leaders to make generous contributions and get the Fund off to a solid start.
UN Climate chief Simon Stiell also welcomed the move, saying it gave a good start to the UN climate conference. He calls on all governments and negotiators to use this momentum to achieve ambitious results in Dubai.
The creation of this Loss and Damage Fund was a long-standing request from developing countries, which must face the devastating consequences of climate change. At COP 27 in Sharm el-Sheikh, developed countries expressed their support for this initiative.
This decision therefore marks an important step in international climate negotiations, recognizing the need for financial aid to support the countries most affected by the effects of climate change.
In conclusion, the decision to make the new Loss and Damage Fund operational at COP 28 is a major step forward in the fight against climate change. It marks an important step towards climate justice and international solidarity in the face of the consequences of climate change on developing countries.