COP28 formally approves climate disaster fund arrangements

Countries at the U.N. COP28 climate summit on Thursday formally approved a deal on a new climate disaster fund. The deal was adopted following the COP28 opening ceremony, drawing a standing ovation from delegates. Representatives from developed and developing countries painstakingly crafted the agreement during negotiations this year.

Countries at the U.N. COP28 climate summit on Thursday formally approved a deal on a new climate disaster fund. The deal was adopted following the COP28 opening ceremony, drawing a standing ovation from delegates.

Representatives from developed and developing countries painstakingly crafted the agreement during negotiations this year. It will launch a fund to help vulnerable nations cope with the cost of climate-driven damage from drought, floods and rising seas.