The loss and damage fund was agreed to with much fanfare and controversy at the 27th U.N. Climate Change Conference. Now comes the hard part — making it a reality.
A meeting in Songdo, South Korea, last week was a crucial step in the process, as the board of the newly named Fund for Responding to Loss and Damage hammered out key technical details to bring the fund to fruition, including the specifications for its director’s position.
The fund came into being in 2022 after a sustained push by lower-income countries to help them financially cope with the loss and damage caused by the impacts of climate change, from heat waves and floods to drought and desertification.