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December 1, 2023

In Brief: Loss and damage fund pledges announced at COP28; Greenpeace sued again over protest

The latest ESG policy and regulatory news

COP28: Agreement on a loss and damage fund to help vulnerable countries cope with the impacts of climate change has been reached on the first day of COP28 in Dubai, with both the United Arab Emirates and Germany pledging $100mn each in contributions. Other countries such as the UK, the US and Japan are also set to make contributions. Following disagreements among nations on how it should be run, the fund will initially be hosted by the World Bank.

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