What is the COP28 loss and damage fund?

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We look at the impact that COP 28 will have on the global economy as it announces that hundreds of millions of dollars will go into a loss and damage fund for poorer countries. Our presenter Rahul Tandon asks: is that enough? We also hear from the fashion industry which is often criticised for not being sustainable about what they are doing to change this. And some of the world's major oil producers are making cuts in production, in a bid to increase the price of oil. (Picture: A climate activist holds a placard during a vigil to mark the opening day of the COP28 summit. Credit: Reuters)