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The Costs of the Climate Crisis: Why We Need the Loss and Damage Fund
Despite contributing very little to climate change, developing countries continue to bear the greatest costs. Understanding this, nations made a historic commitment at COP27 to create a Loss and Damage Fund to help developing nations cope with the costs and impact of the climate crisis. On November 30, 2023, thanks to the public pressure from tens of thousands of you and advocates from around the world, countries formally operationalized the Loss and Damage Fund on the first day of COP28 in Dubai, with over $700M committed to date.
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