Representatives from nearly 200 countries at COP28 meeting in Dubai struck a new climate deal on Wednesday that, for the first time, called upon them to transition away from fossil fuels and operationalised a loss-and-damage fund to help developing nations recover from climate disasters.
The countries agreed to contribute towards tripling global renewable energy capacity and doubling the current annual rate of energy efficiency improvements by 2030, two measures considered key to keeping alive hopes of restricting temperature rise to within 1.5 degree Celsius.
