ONLY MONEY: HOW A UN FUND WILL COMPENSATE FOR 'LOSSES AND DAMAGES' CAUSED BY CLIMATE CHANGE
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✍️ The UN has prepared a fund to respond to climate-related losses and damages, with an initial package of $250 million to be allocated by mid-2026.
👉 The fund has an initial package of $250 million to be allocated by mid-2026 👉 Countries can request between $5 million and $20 million per project 👉 The fund will provide grants, not loans, to compensate for losses caused by climate-related events 👉 The fund cannot immediately respond to disasters, but aims to fill a gap in climate financing
-- #Jean-ChristopheDonnellier #COP27 #COP30 #environment
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