Challenges to Loss and Damage Fund discussed at COP29

Kathmandu: To understand the potential and challenges of the newly established Fund for Responding to Loss and Damage (FRLD), Rural Reconstruction Nepal (RRN) and its partners held a side event titled “Fund for Responding to Loss and Damage (FRLD): Opportunities and Challenges for Indigenous Peoples and Local Communities in the Global South” at COP29 in Baku, Azerbaijan.

The event focused on the FRLD, a milestone in climate finance designed to support vulnerable developing countries in addressing both economic and non-economic loss and damage caused by climate change, including extreme weather events and slow-onset impacts.

It included two sessions that brought together diverse perspectives from stakeholders across the Global South.