Global leaders approve loss and damage fund on COP28's opening day

COP28 President Sultan Ahmed Al Jaber addresses the opening ceremony of the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change, or COP28, in Dubai, the United Arab Emirates, Nov. 30, 2023. [Xinhua]

UN climate talks in Dubai kicked off with the approval of a fund for loss and damage.

On the opening day of COP28, global leaders agreed to establish the long-awaited Loss and Damage Fund, marking a significant victory for COP28.