The COP28 Loss and Damage Fund and its potential impact on Malaysia

By Mohd Khairul Ramli

• A new Loss and Damage Fund has been established to aid developing countries facing the brunt of climate change impacts.
• Initial funding is $400 million, with pledges from Germany, UAE, UK, Japan, and EU.
• Developing countries, like Malaysia, contribute little to climate change but suffer disproportionately from its consequences.