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South Africa celebrates new Loss and Damage Fund at COP28

Dubai, Dec 1 (Prensa Latina) South African President Cyril Ramaphosa backed on Friday COP28´s historic decision to launch the new Loss and Damage Fund.

In his plenary speech, Ramaphosa assured his country welcomed pledges made by several nations at the Summit.

However, the president pointed out that for such a fund to effectively support the most vulnerable countries to the effects of climate change, we need to mobilize financing on a much larger scale.

Accordingly, Ramaphosa referred that the work program on fair, national and international transitions involving everyone in society must be launched.

Whatever is decided at COP28, Ramaphosa stressed it must be guided by science, equity and the principle of common but differentiated responsibilities and respective capabilities.

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