In the days leading up to the Nov. 30 opening of COP28, the United Nations international climate conference, doubts swirled about how much would be accomplished given the announced absence this year of President Biden, as well as media reports of plans by host country the United Arab Emirates, to discuss natural gas deals ahead of the summit.
However, on the first day of the meeting, held this year in Dubai, United Arab Emirates, participating nations announced they had reached an agreement on how to finance the Loss and Damage fund established at last year's meeting.