World leaders gather at COP28 in Dubai, where President Sheikh Mohamed announces the inception of the $30B Alterra Fund for climate financing. The summit addresses challenges in the clean energy transition and emphasizes global calls for climate action. Leaders discuss loss and damage, climate equity, and green initiatives. UK Prime Minister Rishi Sunak advocates for an “era of action,” and UN Secretary-General Antonio Guterres urges support for the loss and damage fund. Former Pakistani foreign minister Bilawal Bhutto Zardari welcomes progress but highlights challenges for climate-vulnerable nations.
