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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 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 ...
The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at United Nations climate talks in Egypt last year, overcoming years of resistance from ...
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
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.
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 ...
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 ...
The 2012 United Nations Climate Change Conference was the 18th yearly session of the Conference of the Parties (COP) to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and the 8th session of the Meeting of the Parties (CMP) to the 1997 Kyoto Protocol (the protocol having been developed under the UNFCCC's charter).