Skip to content
- The Philippines has been selected to host the board of the “Loss and Damage” fund.
- It is an important step towards providing financial help for countries to recover and rebuild from the impact of global warming.
- U.N. “loss and damage” fund was established in COP27 in Egypt in 2022.
- This fund is dedicated to addressing irreparable climate-driven damage from drought, floods and rising sea levels.
- The Philippines also has a seat on the fund’s board.
- World Bank will act as an interim host of the fund for four years.
error: Content is protected !!
