DUBAI -- A new financing mechanism to support nations being harmed by climate change was agreed to here on Thursday at the opening day of the 28th United Nations Climate Change Conference, with an initial pledge of over $400 million from industrialized countries and the host, the United Arab Emirates.
COP28
COP28 launches climate fund for vulnerable nations
UAE and EU pledge bulk of initial $400m, while Philippines calls for emission cuts
COP28 President Sultan Ahmed al-Jaber speaks at the opening of the climate conference in Dubai. © Reuters
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