Loss and Damage Fund
The Loss and Damage Fund, formally established at COP 27 (Sharm el-Sheikh, 2022) and operationalised at COP 28 (Dubai, 2023), provides financial support to developing countries particularly vulnerable to climate change impacts that cannot be adapted to. It is hosted by the World Bank on an interim basis for four years.
- Concept of "loss and damage" refers to climate impacts beyond adaptation capacity — including slow-onset events (sea level rise, desertification) and extreme events
- Fund operationalised at COP 28; initial pledges exceeded $700 million
- Developing countries, including small island states, are the primary intended recipients
- India, as a developing country, stands to benefit from such mechanisms
● Tracked since April 17, 2026 · last seen August 05, 2026 · updates as the daily brief publishes
See it in today’s brief.
Daily current affairs with every static concept explained in place.
Read the daily brief