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Glossary:Loss and damage
Even at 1.2C of global warming compared to the pre-industrial era, climate change is already killing people and destroying land and livelihoods. The harm caused by these impacts in poorer countries that are the least responsible for emissions is referred to as “loss and damage,” which is also shorthand for funding provided by developed nations to address that harm. Developing nations successfully pushed for the inclusion of “loss and damage” in the Paris Agreement, and last year’s COP delegates reached a landmark deal to establish funding arrangements. That momentum has carried into COP28, where rich nations are under pressure to pony up more money; in an early breakthrough, nearly 200 nations agreed on how to run the fund and more than $400 million has been committed to the program so far.[1]