அறம்-பொருள்-இன்பம், தட்ப வெட்ப மாற்றங்களின் முப்பரிமாணம். இழப்பீடு தொகை பின்தங்கிய நாடுகளுக்கு பொருளாதாரத்தில் முன்னேறிய நாடுகள் கொடுக்கும்பட்சத்தில் இழப்பீடுகள் நடைபெறுவதைத் தடுக்க நடவடிக்கைகள் எடுக்க வேண்டிய கட்டாய சூழ்நிலை.
Low income countries are vulnerable to spending more on climate induced damages.

COP28 Delegates meeting in Dubai agreed on the operationalization of a fund that would help compensate vulnerable countries coping with loss and damage caused by climate change, a major breakthrough on the first day of this year’s UN climate conference (Source: UN News)

The initial funding is close to US$429m. €225m ($245m) will come from the EU, including US$100m from Germany. There is also £60m ($75m) from the UK, $24.5m from the US and $10m from Japan. The funding will be a much-needed boost for the agreement, as the loss and damage resolution does not mention scale or the replenishment cycle, which climate justice advocates say raises questions about the fund’s long-term sustainability.

The UAE is likely to see this as a major win for its presidency, as the two-week climate conference kicks off amid controversy over the country’s oil and gas expansion plans (Source: The Guardian)