Climate 'loss and damage' talks end in failure

A crucial meeting on climate "loss and damages" prior to COP28 has ended without an agreement. The meeting aimed to establish a fund to assist vulnerable countries in coping with climate-related losses. The discussion stalled over where the funds should be held, with a division between managing it under the World Bank or creating a new independent structure. The failure highlights the gap between rich and poor nations, with developed countries refusing to discuss the necessary scale of finance.