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PRESS RELEASE: New draft cover note ‘offers hope’ in the way of a loss and damage fund to those on the frontline of climate crisis, ActionAid says

After three decades of climate negotiations, the issue of loss and damage was set firmly on the agenda at this year’s UN climate talks in Egypt. With recognition from the big polluting countries, such as the US, UK and EU, that funding to help communities rebuild and recover in the aftermath of climate disasters was urgently needed

Loss And Damage fund

Commenting on the latest draft cover note and mention of a loss and damage fund, Teresa Anderson, Global Lead on Climate Justice at ActionAid International, said: “For people on the front lines of the climate crisis, this draft text offers hope that there will be a loss and damage fund to help them recover and rebuild in the aftermath of disasters.

“But there are still major unanswered questions including on who will be eligible to receive funds, who will pay, and how much money there will be. These questions will be punted forward to be resolved next year.

“If this draft is passed, there will still be huge battles in the years ahead, but for now this is a starting point.”


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About ActionAid 

ActionAid is a global federation working with more than 15 million people living in more than 40 of the world’s poorest countries. We want to see a just, fair, and sustainable world, in which everybody enjoys the right to a life of dignity, and freedom from poverty and oppression. We work to achieve social justice and gender equality and to eradicate poverty.