Singapore will not claim from the breakthrough loss and damage fund that nations have adopted at the COP28 climate summit in Dubai, nor is it likely to contribute to it, Ms Grace Fu said. Instead, the island state sees itself more as a galvaniser of financing, the Minister for Sustainability and the Environment told reporters on Monday (Dec 11), the second last day of It was first agreed upon at the COP27 summit in Sharm el-Sheikh, Egypt last year and was launched on the first day of this year’s talks. More than US$400 million was initially pledged, with 225 million euros (US$246 million) from the European Union, US$100 million from the United Arab Emirates, US$40 million from Britain, US$17.5 million from the United States and US$10 million from Japan
Singapore will not claim from the breakthrough loss and damage fund that nations have adopted at the COP28 climate summit in Dubai, nor is it likely to contribute to it, Ms Grace Fu said.
Instead, the island state sees itself more as a galvaniser of financing, the Minister for Sustainability and the Environment told reporters on Monday (Dec 11), the second last day of It was first agreed upon at the COP27 summit in Sharm el-Sheikh, Egypt last year and was launched on the first day of this year’s talks. More than US$400 million was initially pledged, with 225 million euros (US$246 million) from the European Union, US$100 million from the United Arab Emirates, US$40 million from Britain, US$17.5 million from the United States and US$10 million from Japa
Singapore Climate Loss And Damage Fund Rising Sea Levels COP28 Financing
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