COP27 climate summit considers new proposal for 'loss and damage' fund

The United Nations climate agency on Saturday published a draft proposal for a deal to tackle the issue of "loss and damage" that said the COP27 summit would agree to launch a new fund to help ... Read More

Countries deadlocked on 'loss and damage' fund as UN climate summit ...

Countries are deadlocked over how to design a fund to help countries recover and rebuild from climate change-driven damage, with just over 30 days left before crucial United Nations climate ... Read More

United States quits board of UN climate damage fund, letter shows

The United States has withdrawn from the board of the U.N.'s hard-negotiated climate damage fund, dedicated to helping poor and vulnerable nations cope with climate change-fuelled disasters, a ... Read More

UN climate summit releases draft of long-sought ‘loss and damage ...

A draft agreement for the international COP27 climate summit includes funds for “loss and damages,” a long-sought provision paying reparations to countries on the front lines of environmental ... Read More

US withdraws from board of UN climate damage fund - JURIST - News

The United States withdrew from the board of the UN’s climate damage fund, according to a letter from the US Treasury Department made public on Friday. Losses and damages protected by the fund include ... Read More

After U.N. climate deal, 'loss and damage' funding two years off

Countries agreed at last month's United Nations climate summit to create a fund to help poor countries damaged by climate disasters, but it will likely take two years to work out where the money ... Read More

Trump Withdraws US from Climate Damage Compensation Fund

President Trump has withdrawn the United States from a United Nations-negotiated loss and damage fund aimed at partly compensating poorer countries from the irreversible effects of the climate ... Read More

New global climate 'loss and damage' fund names first director

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 ... Read More

A Loss and Damage Fund Is Taking Shape at COP Climate Talks - The New ...

The loss and damage fund will exist alongside whatever new commitments come from that effort. When a poor country experiences a severe storm that inflicts catastrophic damage, it will be able to ... Read More

Climate change fund: $319mn available for Loss and Damage - MSN

The fund was fully operationalised at UN Climate Conference (COP29) in Baku last year. It is meant to assist developing countries in dealing with loss and damage associated with climate change ... Read More

In another climate and money withdrawal, US pulls out of climate damage ...

The two biggest pledges — $104 million — came from Italy and France. As of January, the Loss and Damage Fund had $741.42 million in pledges, according to the United Nations. Read More

US withdraws from loss and damage fund to compensate developing ...

In a setback to global climate justice, the US has withdrawn from the loss and damage fund meant for compensating developing countries for climate-related damages. This move has been met with ... Read More