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Approval of Climate Risk Support Fund

In the annual Climate Summit of the United Nations held in Dubai, assistance funds have been approved to help countries facing the risks of climate change, such as droughts, floods, and rising sea levels.

The host country for this year’s summit, the United Arab Emirates, Sultan Al Jaber, mentioned that this fund signals a landmark move to combat the adverse effects of climate change as indicated by the accelerated pace of COP28.

Sultan Al Jaber, the Minister of Industry and also the head of the country’s oil company in the United Arab Emirates, has raised questions among environmentalists as he takes the chairmanship of the 28th summit.

Although this year’s event, spanning two weeks with participation from over 70,000 stakeholders, is being considered as the largest climate congregation ever, evaluating it as the largest climate summit of all time is under consideration.

The participants in this summit include several world leaders, including heads of state from France, Japan, the United Kingdom, Egypt, Saudi Arabia, Qatar, Jordan, and Brazil. Noteworthy figures from the business world, including Bill Gates, and prominent business leaders are also observed in the crowd.

However, the world’s two largest air-polluting nations, the United States and China, are not participating in the conference.

Secretary-General of the United Nations, Antonio Guterres, stated at the summit that the objective for world leaders should be the complete abandonment of fossil fuel combustion, although this proposition is facing opposition from some powerful nations.

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