{"id":130544,"date":"2026-10-25T14:14:02","date_gmt":"2026-10-25T08:44:02","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=130544"},"modified":"2026-10-25T16:19:31","modified_gmt":"2026-10-25T10:49:31","slug":"fund-for-responding-to-loss-and-damage","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/fund-for-responding-to-loss-and-damage\/","title":{"rendered":"Fund for Responding to Loss and Damage (FRLD)"},"content":{"rendered":"<h2><b>Fund for Responding to Loss and Damage Latest News<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The Fund for Responding to Loss and Damage (FRLD) has provisionally set aside $21.6 million for Nepal&#8217;s August 2026 floods, marking its first response to a specific disaster.<\/span><\/p>\n<h2><b>About Fund for Responding to Loss and Damage\u00a0<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is an <\/span><b>international climate-finance fund<\/b><span style=\"font-weight: 400;\"> set up to <\/span><b>help developing countries<\/b><span style=\"font-weight: 400;\"> that are particularly <\/span><b>vulnerable to climate change respond to economic and non-economic losses,<\/b><span style=\"font-weight: 400;\"> including from <\/span><b>extreme weather and slow-onset events.\u00a0<\/b><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It <\/span><b>operates under<\/b><span style=\"font-weight: 400;\"> the <\/span><b>financial mechanism of the <a href=\"https:\/\/vajiramandravi.com\/current-affairs\/united-nations-framework-convention-on-climate-change-unfccc\/\" target=\"_blank\">UN Framework Convention on Climate Change<\/a> (UNFCCC).\u00a0\u00a0<\/b><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It was <\/span><b>established <\/b><span style=\"font-weight: 400;\">at the 27th Conference of the Parties <\/span><b>(COP 27) to the UNFCCC in Sharm el-Sheikh, Egypt,<\/b><span style=\"font-weight: 400;\"> in <\/span><b>2022 <\/b><span style=\"font-weight: 400;\">and <\/span><b>operationalised at COP28 in Dubai,<\/b><span style=\"font-weight: 400;\"> United Arab Emirates, in <\/span><b>2023<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A <\/span><b>Board of 26 members <\/b><span style=\"font-weight: 400;\">was constituted in 2023, and subsequently, the <\/span><b>Philippines <\/b><span style=\"font-weight: 400;\">was <\/span><b>selected as the host of the Board<\/b><span style=\"font-weight: 400;\"> in 2024, while the <\/span><b>World Bank <\/b><span style=\"font-weight: 400;\">was selected to<\/span><b> host the Secretariat,<\/b><span style=\"font-weight: 400;\"> and as the <\/span><b>Fund Trustee.\u00a0<\/b><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <\/span><b>Board <\/b><span style=\"font-weight: 400;\">of the FRLD consists of <\/span><b>members from Parties to the UNFCCC<\/b><span style=\"font-weight: 400;\"> and Paris Agreement, with <\/span><b>12 members from developed country<\/b><span style=\"font-weight: 400;\"> Parties and<\/span><b> 14 from developing country<\/b><span style=\"font-weight: 400;\"> Parties.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">By financing recovery initiatives from climate-related losses and damage, the Fund empowers communities to rebuild and adapt.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400; text-align: justify;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It strives for country-led, locally driven solutions, ensuring interventions are aligned to country needs, priorities, and contexts.\u00a0 <\/span><\/li>\n<\/ul>\n<p><b>News: <\/b><a href=\"https:\/\/www.downtoearth.org.in\/climate-change\/loss-and-damage-fund-sets-aside-216-million-for-nepal-floods-a-fraction-of-recovery-needs\" target=\"_blank\" rel=\"nofollow noopener\"><b>DTE<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fund for Responding to Loss and Damage supports climate-vulnerable developing countries facing climate change impacts. Read more about Fund for Responding to Loss and Damage, Latest News<\/p>\n","protected":false},"author":23,"featured_media":130575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[11154,21,22,23],"class_list":["post-130544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-upsc-prelims-current-affairs","tag-fund-for-responding-to-loss-and-damage-frld","tag-prelims-pointers","tag-upsc-current-affairs","tag-upsc-prelims-current-affairs","no-featured-image-padding"],"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/130544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=130544"}],"version-history":[{"count":4,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/130544\/revisions"}],"predecessor-version":[{"id":130574,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/130544\/revisions\/130574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/130575"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=130544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=130544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=130544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}