Fund for Responding to Loss and Damage Latest News
The Fund for Responding to Loss and Damage (FRLD) has provisionally set aside $21.6 million for Nepal’s August 2026 floods, marking its first response to a specific disaster.
About Fund for Responding to Loss and Damage
- It is an international climate-finance fund set up to help developing countries that are particularly vulnerable to climate change respond to economic and non-economic losses, including from extreme weather and slow-onset events.
- It operates under the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC).
- It was established at the 27th Conference of the Parties (COP 27) to the UNFCCC in Sharm el-Sheikh, Egypt, in 2022 and operationalised at COP28 in Dubai, United Arab Emirates, in 2023.
- A Board of 26 members was constituted in 2023, and subsequently, the Philippines was selected as the host of the Board in 2024, while the World Bank was selected to host the Secretariat, and as the Fund Trustee.
- The Board of the FRLD consists of members from Parties to the UNFCCC and Paris Agreement, with 12 members from developed country Parties and 14 from developing country Parties.
- By financing recovery initiatives from climate-related losses and damage, the Fund empowers communities to rebuild and adapt.
- It strives for country-led, locally driven solutions, ensuring interventions are aligned to country needs, priorities, and contexts.
News: DTE
Last updated on Oct, 2026
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Fund for Responding to Loss and Damage FAQs
Q1. What is the Fund for Responding to Loss and Damage (FRLD)?+
Q2. Which countries are the primary beneficiaries of the Fund for Responding to Loss and Damage (FRLD)?+
Q3. Under which international convention does the Fund for Responding to Loss and Damage (FRLD) operate?+
Q4. At which UNFCCC Conference of the Parties was the Fund for Responding to Loss and Damage (FRLD) established?+
Q5. Which institution serves as the trustee of the Fund for Responding to Loss and Damage (FRLD)?+
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