NASSAU, BAHAMAS — The Bahamas gained a “major win” at the recent COP 28 climate conference by securing a seat on the board of a fund created to assist countries most impacted by the global climate crisis, according to the government’s special advisor on climate change.

Global delegates at the recent COP28 climate summit in Dubai formally adopted the “Loss and Damage” fund, which was decades in the making, with several countries pledging millions of dollars to it to help nations hit hardest by the climate crisis. The fund was agreed upon at COP27 last year in Egypt. Pledges to the fund so far have reportedly reached $726 million, according to Rochelle Newbold, Special Advisor on Environmental and Climate Change Matters.

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