COP28 World Climate Action Summit: PM Modi hails 'historic' operationalisation of 'Loss and Damage' fund

Prime Minister Narendra Modi on Friday hailed the 'historic' decision of the UAE presidency to operationalise the $475 million 'Loss and Damage' fund, just moments after the opening of the two-week COP28 climate conference on Thursday. It will compensate countries — especially developing ones — for the impacts of floods, droughts and heat waves.

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