Loss and Damage Fund Faces US$2.8bn Gap as First Projects Move Ahead

Loss and damage fund faces US$2.8bn gap as first projects move ahead

With just US$250 million available against up to US$3 billion in requests, the Fund Responding to Loss and Damage board meeting in Manila will consider initial funding for Carribean and African countries.

As 9th board meeting of the FRLD is underway in Manila, CSOs raise the alarm to fill the fund

The Fund for Responding to Loss and Damage, which currently $250M, is considering 176 proposals, amounting to a total cost of $2.8B. Civil society organizations, climate justice advocates, and representatives of Indigenous Peoples' groups raise the alarm for developed nations to fill the fund.