© Reuters. FILE PHOTO: ‘COP28 UAE’ logo is displayed on the screen during the opening ceremony of Abu Dhabi Sustainability Week (ADSW) under the theme of ‘United on Climate Action Toward COP28’, in Abu Dhabi, UAE, January 16, 2023. REUTERS/Rula Rouhana/File Photo
By Kate Abnett, Katy Daigle and Valerie Volcovici
BRUSSELS/DUBAI (Reuters) – Countries at the U.N.’s COP28 climate summit opening on Thursday hope to clinch an early deal on a new fund to pay for climate-caused damage, aiming to muster some political goodwill before talks turn to divisive topics including the future of fossil fuels.
As the 70,000 delegates expected to attend COP28 descend on the gleaming Emirati city of Dubai, governments are preparing for marathon negotiations on whether to agree, for the first time, to phase out the world’s use of CO2-emitting coal, oil and gas.
The burning of these fuels is the main cause of climate change.
With finance also high on the meeting agenda, the United Arab Emirates’ COP28 presidency published a proposal on the eve of the summit, for countries to adopt a new U.N. climate damage fund – raising hopes among some delegates that this could be among the first deals…
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