In a set of milestone decisions at its 44th meeting, the Adaptation Fund (AF) Board approved over US$ 137 million in new projects – a new record that eclipsed the US$ 100 million mark in a single Board meeting for…
COP27 Reaches Breakthrough Agreement on New “Loss and Damage” Fund for Vulnerable Countries
The United Nations Climate Change Conference COP27 closed today with a breakthrough agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters. “This outcome moves us forward,” said Simon Stiell, UN Climate Change Executive Secretary.…