Agreement on loss and damage deal expected on first day of Cop28 talks

News Snapshot:

The Cop28 climate summit has officially opened, with the first decision likely to be on relief for the world’s poorest and most vulnerable countries, which are being hit increasingly by climate disaster. A blueprint for a new fund for loss and damage, focused on the rescue and relief of poor countries stricken by extreme weather, is expected to be officially agreed on and adopted on Thursday. This will involving setting up a fund under the auspices of the World Bank at first, able to disburse money to developing countries and funded by rich industrialised nations and emerging economies and fossil...