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A landmark deal to help the world’s poorest and most vulnerable countries pay for the irreversible impacts of climate disaster was agreed on during the first day of the COP28 UN summit.
The agreement was met with a standing ovation from delegates.
Host country UAE and Germany both pledged $100m (£79m) to the Loss and Damage startup fund, which will aim to keep up with the rising costs caused by extreme weather and slow-onset disasters such as sea level rise, ocean acidification, and melting glaciers.
