Australia commits $150m to climate finance for vulnerable Pacific countries

However the Albanese government has not contributed to a newly created global loss and damage fund at Cop28

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The Australian government has pledged A$150m climate finance for Pacific countries, but has not contributed to a newly created global loss and damage fund.

Nearly 200 countries reached an historic consensus agreement on the first day of the Cop28 climate summit in Dubai to set up the loss and damage fund to help the world’s poorest and most vulnerable countries pay for the irreversible impacts of climate disaster.

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