Concerns emerge over scaled down loss and damage fund

The fifth meeting of the board of directors of the Loss and Damage Response Fund was held in Barbados from 8 to 10 April. After two years of gestation, the first sums of money will finally be disbursed: 250 million dollars, or about 176 million euros. This fund, created at COP28 in Dubai, is intended to enable the most vulnerable countries to recover after a climate disaster. Behind this envelope, a first series of interventions is planned for b…

$250 Million Approved for Initial Phase of Loss and Damage Fund

$250 Million Approved for Initial Phase of Loss and Damage Fund Credit: Barbados Government Information Service “Small funds can’t help you — and regrettably, that is where we find ourselves still today, in a world in conflict with itself, but unable to stop the inevitable consequences of a worsening climate crisis.” — Prime Minister Mia Mottley Since the operationalisation of the Loss and Damage Fund…

Concerns emerge over scaled down loss and damage fund

The global fund’s fifth meeting closed with the amount available to help vulnerable nations cope with climate risk reduced by more than US$50 million.