World Environment Conference: Release of Fund for Affected Countries

World Environment Conference: Release of Fund for Affected Countries

United Arab Emirates The meeting of the World Environment Conference COP 28 has started in the city of Dubai from Thursday, in which the leaders and representatives of 200 countries including Pakistan are participating.

At this point Israeli attacks in Gaza More than 15,000 Palestinians were remembered and a moment of silence was observed in their honor.

The UN’s COP 28 environment conference on Thursday officially launched a ‘Loss and Damage’ fund called for Global speed was long practiced by vulnerable countries ravaged by natural disasters associated with

Pakistan is also included in these countries which demand that Severe floods in 2022 Apart from the loss of lives of more than 17 hundred people, the infrastructure has also been severely damaged. According to a World Bank report, Pakistan’s loss was estimated at more than 15 billion dollars.

In a statement issued by Pakistan’s Ministry of Planning earlier this week Pakistan had reminded rich countries that it is their ‘primary’ responsibility to help countries facing environmental risks and that global climate policies must be ‘equitable and fair’.

“We have made history today,” Sultan Al Jaber, president of the UAE’s Coop 28, told the conference, adding that the UAE is committing $100 million to the fund.

Apart from this, Germany has also promised to give 100 million dollars.

After years of grappling with the issue, wealthy nations backed the fund in a landmark agreement last year at the COP27 summit in Sharm el-Sheikh, Egypt.

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It was released on the first day of COP28 in Dubai after complex negotiations on the mechanisms of the fund, which will be housed at the World Bank on an interim basis.

“It gives a positive signal of momentum to the world and to our work,” Jaber said.

“This is the first time that a decision has been taken on the first day of a COP conference and the speed with which we have done it is unique, extraordinary and historic,” he said.

In this two-week-long important meeting, there will be detailed discussions on the reduction of emissions of harmful gases to the environment, while measures to reduce global warming will also be discussed.

The World Environment Organization has declared 2023 as the hottest year in human history and Pakistan is included in the list of countries most affected by the threats of global warming.

Cope 28 is being described as the largest gathering to assess the effects of climate change and their solutions, in which 97 thousand delegates, including the King of Great Britain, Charles III, are participating.


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2024-09-24 07:06:14

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