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.
One hundred and thirty-two countries committed to tripling renewable energy capacity worldwide by 2030 and doubling the annual rate of energy efficiency improvements. The pledge was included in the final outcome of the talks in a substantial win for its supporters. The Powering Past Coal Alliance (PPCA) picked up more than 10 new members during the talks -- including the US and the UAE. Over 80 percent of OECD and EU countries are now committed to the alliance.
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