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Loss and damage fund to operate by end of 2023 says COP27 chief negotiator

Guests enter the convention centre hosting the Cop27 U.N. Climate Summit. [AP photo]

The loss and damage fund will be operational by the end of 2023, according to Chief Climate Negotiator of COP27, Ambassador Mohamed Nasir.

However, Nasir observed that creating new funds and changing the mandates of existing institutions will take time, and challenges will be expected.

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