"COP28 Secures Breakthrough Climate Disaster Fund Deal"
Countries at the U.N. COP28 summit have reached an agreement on the details of a disaster fund to assist nations affected by the climate crisis. The fund, which builds on a previous deal brokered at COP27, received pledges from several countries, including Germany, the United Arab Emirates, the U.S., Japan, and the U.K. The World Bank will serve as the interim host for the fund for the next four years. Advocates argue that the fund is necessary to compensate low-income nations for climate impacts they cannot defend against due to unavoidable risks or lack of financial resources. The agreement is seen as a significant breakthrough and a boost to global cooperation in addressing the climate crisis.