The Loss and Damage Fund has received initial pledges totaling $720 million from developed nations to address climate-related impacts.
Initial Funding Pledges
The current size of the Loss and Damage Fund is defined by the initial financial commitments made by developed nations. These pledges are crucial for establishing the fund, which aims to provide financial assistance to developing countries severely impacted by climate change, especially for losses and damages that exceed their capacity to adapt.
Key Contributions
The total amount pledged to the fund by developed nations is summarized below:
| Category | Amount (USD) | Notes |
|---|---|---|
| Total Pledged | $720 million | Represents the initial pledges from developed nations. |
| Specific Pledge | $19 million | Contributed by Sweden, highlighting recent commitments. |
This $720 million figure represents the starting financial base committed by international partners to operationalize the fund and begin addressing the critical needs of vulnerable nations.
