The battle over the Climate Loss and Damage Fund has been ongoing for a long time, with Egypt playing a pivotal role in its establishment and the UAE continuing the important mission.

The battle over the Climate Loss and Damage Fund began a long time ago, with Egypt leading negotiations toward its approval.

The UAE then worked on the executive regulations. Various countries pledged financial support to establish the fund during COP28 in Dubai.

The fund aims to compensate for climate-related losses and damages, especially in vulnerable regions like dry areas and coastal cities facing sea-level rise.

The UAE made the first funding pledge of $100 million, with other countries following suit. The fund's establishment marks a significant diplomatic achievement for Egypt and the Arab world, showcasing unity in addressing climate justice issues.

Estimates place the fund's annual funding needs at $400 billion to address losses and damages in developing countries. The fund's establishment on Arab lands signifies the resolution of a decades-long battle, highlighting successful diplomatic efforts by Egypt and the UAE.

Source: Original content in Arabic.