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Historic Loss and Damage Fund Adopted on Day 1 of COP28

Historic Loss and Damage Fund Adopted on Day 1 of COP28

“This is a hard-fought historic agreement. It shows recognition that loss and damage is not a distant risk but part of the lived reality of almost half the world’s populations and that money is needed to reconstruct and rehabilitate if we are not to let the climate crisis reverse decades of development in moments.”  -- Avinash Persaud, Special Envoy to Prime Minister of Barbados

At the opening plenary of COP28, a Loss and Damage Fund to help the world’s poorest and most vulnerable nations pay for the irreversible impacts of climate change was adopted, with founding pledges from the UAE, Germany, UK, Japan and the USA.  Click here to find out more.


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