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The Loss and Damage Fund is a climate finance mechanism created during the 27th Conference of Parties (COP), held in Egypt in 2022. The fund was designed to address loss and damage, to support communities when adaptation strategies are inadequate or implemented too late, and damage and risk has already happened. [23]: 63
The board of The Fund for Responding to Loss and Damage to help countries ravaged by climate-driven disasters named Senegalese finance specialist Ibrahima Cheikh Diong as its first director, the ...
Two dozen countries involved in a committee tasked with designing a "loss and damage" fund wrapped up the last meeting in the early hours of Saturday in Aswan, Egypt, with developing and developed ...
The issue of loss and damage to people’s homes and farms, schools and transport links caused by rising seas and increasingly extreme weather is a key focus at the latest round of UN talks taking ...
Global Climate Action, originally known as Non-state Actor Zone for Climate Action (NAZCA), is a web portal launched in 2014 by the United Nations Framework Convention on Climate Change (UNFCCC). [1] The purpose of the website is to provide information about climate action around the globe.
Climate reparations are a type of requested loss and damage payments for damage and harm caused by climate change, which may include debt cancellation. [1] [2] [3] The term climate reparations differs from simple "loss and damage," in that it is based on the concept of reparations, that compensation holds countries accountable for historical emissions, and is an ethical and moral obligation.
The decision establishes a fund for what negotiators call loss and damage. It is also long been called an issue of climate justice. Historic compensation fund approved at UN climate talks
On the first day of the summit on 30 November 2023, a "loss and damage" fund to compensate poor states for the effects of climate change was agreed upon. The fund aims to distribute funds to poor states harmed by climate change and is to be administered by the World Bank. The host country, the United Arab Emirates, and Germany each pledged $100 ...