US Pullout from Loss and Damage Fund
The US decision to walk away from the Loss and Damage Fund is a ‘gut punch’ to Asia’s frontline communities.
The US decision to walk away from the Loss and Damage Fund is a ‘gut punch’ to Asia’s frontline communities.
US exit from the JETP sets a dangerous precedent and signals to the rest of the world that the US will no longer be accountable to its climate obligations.
U.S. needs to own their responsibility and pay up what is owed for adaptation, stop funding fossil fuel projects and commit to real and significant investments in loss and damage in support of the most vulnerable nations.