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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 United Nations Office for Project Services (UNOPS) is a United Nations agency dedicated to implementing humanitarian and development projects for the United Nations System, international financial institutions, governments and other partners around the world, with a focus on infrastructure, procurement and project management The organization's global headquarters is located at the UN City ...
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 ...
Germany and Denmark pledged more than €170 million for the "Global Shield", a new fund that will help to lower income countries cope with climate disasters. Negotiations over loss and damage are expected to continue. [58] Egyptian President Abdel Fattah el-Sisi and US President Joe Biden, holding a bilateral meeting at COP27
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 ...
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 ...