The Board for Loss and Damage Fund has been renamed as the Fund to Respond to Loss and Damage (FrLD) and will be hosted in the Philippines.
About the Fund to respond to Loss and Damage:
- FrLD aims to assist developing countries in mitigating damage from natural disasters caused by climate change.
- Established during the UN Climate Change Conference 2022 (COP27) in Sharm el-Sheikh, Egypt, the fund is coordinated by the World Bank, with UNDP (UN Development Programme) serving as a member of the Technical Support Unit.
Ref: Source
| UPSC IAS Preparation Resources | |
| Current Affairs Analysis | Topperspedia |
| GS Shots | Simply Explained |
| Daily Flash Cards | Daily Quiz |
Frequently Asked Questions:
What is the main goal of the Fund to Respond to Loss and Damage (FrLD)?
The main goal of FrLD is to help developing countries in reducing and managing the impact of natural disasters caused by climate change.
When was the Fund to Respond to Loss and Damage established?
FrLD was established during the UN Climate Change Conference 2022 (COP27) in Sharm el-Sheikh, Egypt.
Who coordinates the Fund to Respond to Loss and Damage?
The fund is coordinated by the World Bank, with UNDP serving as a member of the Technical Support Unit.