Bahamas victory | Bahamas Daily

By Gerrino J. Saunders
Journal Contributor

The efforts of Prime Minister Philip Davis and other Caribbean leaders have paid off.
At the COP28 meeting in Dubai, the United Arab Emirates agreed to establish a new loss and damage fund.
This is an issue that Mr. Davis has been advocating for the past two years because
Take office.
The use of the loss and damage fund is to achieve
Providing meaningful support to countries most vulnerable to climate change
The fund will help compensate those struggling to cope with losses and
Damage caused by hurricanes, floods, and other devastating natural disasters.
The news was announced by White House press secretary Keishla Adderly on Wednesday local time.
At her weekly press conference hours after the successful deal was reached, the prime minister said she
Shared brief comments from Prime Minister Davis who was attending COP28 in Dubai.
He said: “We believe that as the negotiations deepen, this commitment will become a reality.
And discuss it with the world leaders present here. The key is to ensure
The industrialized world recognizes its responsibilities towards small island developing States like us.
Recognizing that they have a moral obligation, we are working to translate that moral obligation into
Becomes a legal and enforceable obligation to provide funding for losses and damages resulting from:
Hurricanes and other catastrophic events related to climate change, this is where we are
Go.
“We will continue to work hard to ensure that you do not fall behind in any of these areas.
Working to ensure that the people of the Bahamas can save their lives.”
Reports from Dubai say that some countries are beginning to
Fund now.
Sultan Jaber, president of COP28 climate conference, praised the “first decision
on the first day of any meeting of the Parties.” His country, the United Arab Emirates, has pledged 100
Other countries have also made large pledges, including Germany
US$100 million.

Developing countries have long been seeking to address the problem of insufficient coping funds.
They are particularly hard hit by climate disasters caused by climate change.
Little to no responsibility – Carbon emissions from industrialized countries
Traps heat in the atmosphere.