In a groundbreaking development at the onset of the 2023 United Nations Climate Change Conference in the UAE, nearly 200 nations collaboratively reached a historic agreement to institute a fund aimed at aiding countries grappling with the impacts of global warming.
Prime Minister Narendra Modi, present in Dubai, advocated for climate financing and technology transfer to empower developing nations in effectively addressing the challenges posed by climate change. As the UN declared 2023 on track to be the hottest year in recorded history, the urgency for immediate action was underscored. The establishment of a "loss and damage" fund, a long-standing demand of climate-vulnerable nations, marked a significant early victory at COP28.