Climate conference: Germany pledges $100 million
At the beginning of the World Climate Conference, a fund to repair climate damage was decided - Germany is contributing the equivalent of 91 million euros, significantly more than the USA. Development Minister Schulze spoke of a “success”. This year's United Nations Climate Change Conference (COP28) has begun in Dubai. For two weeks, around 200 states in the Gulf Emirate will discuss how to contain the climate crisis. Around 70,000 participants are expected - making the meeting the largest climate conference ever. The biggest point of contention is whether an exit from coal, oil and gas can ultimately be unanimously agreed upon. Climate Damage Fund is now operational At the start of the conference, the participants formally decided to set up a disaster fund (Loss and Damage Fund) from which consequential damage caused by climate change in poor countries, such as floods or droughts, will be compensated with international funds. In principle, this fund was initiate...