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COP28 Kicks Off with Launch of 'Loss and Damage' Fund Amid Fossil Fuel Controversy

The largest ever climate conference faces challenges in balancing national self-interests and the need for global collective action.

  • The 28th Conference of Parties (COP28) on climate change has begun in Dubai, marking the largest ever gathering of its kind.
  • The conference has started with the 'historic' launch of a 'loss and damage' fund to support countries affected by global warming, with initial pledges from the European Union and the United Arab Emirates.
  • The conference president, Sultan Al Jaber, who is also the CEO of the UAE's state-owned oil company, has called for fossil fuels to be included in any final climate agreement, sparking a potential showdown on the issue.
  • The conference will also conduct the first 'global stocktake' of countries' efforts to deal with climate change, expected to show that current progress is insufficient.
  • Despite the urgency of the climate crisis, the conference faces challenges in balancing national self-interests and the need for global collective action.
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