Board members of a new fund designed to support climate victims in vulnerable countries have welcomed engagement with the World Bank, which said it would help get the fund “up and running” by the 29th United Nations Climate Change Conference of the Parties, or COP 29, in Azerbaijan in November.
The 26-member board held its first meeting in Abu Dhabi, United Arab Emirates, this week, three months later than planned, following delays by high-income nations to appoint its members.
The board was reminded of the importance of the task ahead after being forced to hold the third day of the meeting online following warnings of heavy rains and thunderstorms across the UAE.