Filtered by category: Climate Change News, tag: loss and damage × Clear
Loss and damage fund delays first project approvals as needs dwarf resources
Matched: climate
The Loss and Damage Fund has delayed approving its first projects after receiving far more funding requests than it can meet. Board members opted for more time to decide which proposals to prioritise. The fund, established to help vulnerable nations cope with climate-related losses, faces a significant mismatch between available resources and the scale of need from applicants.
The loss and damage fund needs far more finance to deliver climate justice
Matched: climate
Campaigners are calling for the loss and damage fund, established to help vulnerable nations cope with climate-related disasters, to be significantly scaled up. Critics say current financing falls far short of what is needed and argue the fund must allow affected communities direct access to grants, rather than routing money through governments or intermediaries, to effectively deliver climate justice.