COP28: Historic decision to operationalize Loss and Damage Fund adopted (PRIV)
(Radhika Chatterjee, Dubai)
The first day of the Dubai climate tal ks kicked off on 30 November with the adoption of a historic decision to operationalize new funding arrangements, including a Fund for responding to loss and damage.

COP28: North's use of remaining carbon space must be reversed - G77/China (PRIV)
(Meena Raman, Dubai)
At the launch of the Dubai climate talks held on 30 November, developing countries led by the G77 and China called on developed countries "who bear the greatest responsibility for the modificat ion of the global climate system" to reverse course, "in their accelarated consump tion of the remaining carbon space".

Finance: FSB identifies 29 global systemically important banks in 2023. (PRIV)
(Kanaga Raja, Penang)
The Financial Stability Board has identified 29 global systemically important banks (G-SIBs) in 2023, one less from its pre vious list published in 2022.