Pledges made at the COP28 climate talks

The two weeks of negotiations at COP28 saw over $85 billion dollars and 11 pledges and declarations committed to climate action

COP28, hosted by the oil-rich United Arab Emirates, mobilised a flurry of voluntary pledges in the lead-up to its landmark final deal calling for a “transition away” from fossil fuels.

The two weeks of negotiations saw over $85 billion dollars and 11 pledges and declarations committed to climate action, the COP28 presidency said on December 13.

Here are some of the biggest developments.

COP28 saw the launch of the “loss and damage” fund to help vulnerable countries cope with the increasingly costly and damaging impacts of climate disasters.

The fund reached around $792 million dollars in pledges during the talks, according to the COP28 presidency.

That still falls short of the $100 billion a year that developing nations have said is needed to cover losses from natural disasters and rising seas.

Meanwhile, the Green Climate Fund, focused on supporting developing countries in their climate action, saw a boost of $3.5 billion to its second replenishment, with a $3 billion promise from the United States.