Climate Change: Finance
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what proportion of the £40 million pledged to the Loss and Damage Fund has been disbursed; and what his Department’s priorities are for loss and damage funding.
Answered by Anneliese Dodds
At COP28 the UK pledged up to £40 million in funding for the newly established Fund for responding to Loss and Damage (FrLD). UK officials are working with other members of the FrLD board, the World Bank and civil society, to quickly establish an efficient and effective fund that delivers for those who are particularly vulnerable to the worst impacts of climate change. We are working through the Board to finalise arrangements to enable donors to make payments into the Fund. Our wider priorities for L&D funding are in line with our broader commitments on aid spending and climate finance.
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