At COP28, the ‘Loss and Damage’ (L&D) fund, aimed at addressing climate-related impacts, was activated. However, meager pledges, with the U.S. committing only $17.5 million out of the required $100 billion to $400 billion annually, raise concerns. The World Bank oversees the fund, but developing nations express worries about limited access, legal autonomy, and responsiveness. Calls emerge for affected communities to directly access grants. The Global Stocktake concluded, emphasizing a shift from fossil fuels, aiming to triple renewable energy by 2030. Despite the transition in energy systems, fossil fuels can still be used in sectors like plastics and transport.