During the COP28 Climate Summit in Dubai, Taoiseach Leo Varadkar announced that Ireland will pledge €25 million towards the newly established Loss and Damage Fund in 2024 and 2025, reports RTE.
This fund was created to help impoverished and vulnerable countries affected by climate-related disasters. Varadkar also committed to making additional contributions to the fund after 2025.
As a wealthy nation, Ireland is particularly concerned about the difficulties faced by Least Developed Countries and Small Island Developing States, reports RTE.
Mr Varadkar emphasized that overall, Ireland will double its international climate finance contribution to at least €225 million per year by 2025, with almost €150 million already contributed this year.
In his formal address to COP28, Varadkar emphasized the importance of acknowledging the concerns of people, including farmers, workers, and enterprises, when mobilizing society to address climate change, reports RTE.
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