Why the success of COP28 depends on the fund for loss and damage

At COP28, the fund for losses and damages caused by the climate crisis must be empowered and adequately filled. In addition to the developed countries, emerging economies such as wealthy oil and gas states also must ensure that the fund is adequately filled. A tax on international shipping and contributions from the largest fossil fuel companies should also be implemented.

Last updated: 24. July 2025