Loss and Damage Board

Loss and Damage Board is tasked with setting up a strategic direction for the Fund as well as its governance and operational modalities.

Loss and Damage Board

About Loss and Damage Board

  • Background:
    • At the 27th Conference of Parties to the United Nations Framework Convention on Climate Change (COP27) held in Egypt, Parties reached an agreement on providing loss and damage funding to nations most vulnerable and impacted by the effects of climate change.
    • At COP28, the fund was formally established and a decision text stated that the fund would be governed and supervised by a board, a decision-making body.
  • The board is tasked with setting up a strategic direction for the Fund as well as its governance and operational modalities, policies, frameworks and work programme, including relevant funding decisions.
  • The Board will comprise 26 members, 12 members from developed countries and 14 from developing nations.

What is Loss and Damage Fund?

  • It is a global financial package to ensure the rescue and rehabilitation of countries facing the cascading effects of climate change.
  • The term refers to the compensation that rich nations, whose industrial growth has resulted in global warming and driven the planet into a climate crisis, must pay to poor nations, whose carbon footprint is low but are facing the brunt of rising sea levels, floods, crippling droughts, and intense cyclones, among others.
  • It is often categorised as economic or non-economic.
    • Economic loss and damage are negative impacts that we can assign a monetary value to.
    • These are things such as the costs of rebuilding infrastructure that has been damaged due to a flood, or the loss of revenue from agricultural crops that were destroyed due to drought.
    • Non-economic loss and damage are negative impacts where it is difficult or infeasible to assign a monetary value.
    • These are things such as trauma from experiencing a tropical cyclone, loss of community due to displacement of people, or loss of biodiversity,” 

Q1) What is the United Nations Framework Convention on Climate Change?

It is an international treaty among countries to combat “dangerous human interference with the climate system”, in part by stabilizing greenhouse gas concentrations in the atmosphere.

Source: Wealthy nations wrestle over seats on Loss and Damage Board, causing delays in fully operationalising Fund

Latest UPSC Exam 2025 Updates

Last updated on July, 2025

UPSC Notification 2025 was released on 22nd January 2025.

UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.

UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025  are available now.

UPSC Calendar 2026 is released on 15th May, 2025.

→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.

UPSC Mains 2025 will be conducted on 22nd August 2025.

UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.

→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.

UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!

UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.

→ Also check Best IAS Coaching in Delhi

Vajiram Editor
Vajiram Editor
UPSC GS Course 2026
UPSC GS Course 2026
₹1,75,000
Enroll Now
GS Foundation Course 2 Yrs
GS Foundation Course 2 Yrs
₹2,45,000
Enroll Now
Prelims PowerupTest Series
Prelims PowerupTest Series
₹13000
Enroll Now
UPSC Mains Test Series
UPSC Mains Test Series
₹16000
Enroll Now
UPSC Mentorship Program
UPSC Mentorship Program
₹85000
Enroll Now
Enquire Now