What is the role of the World Bank in the Loss and Damage Fund

The operationalisation of the Loss and Damage Fund on the first day of COP 28 and the pledges by many developed and developing countries to fill it up with around US$ 550 million is a major win for the COP 28 presidency of the United Arab Emirates. Something that its staunchest critics have also agreed upon.
But a lot of questions still remain unanswered regarding the character of the finances that have been pledged, scale of financing still required, how and when these finances would be replenished and how soon they can be made available to the communities in developing countries undergoing losses and damages.
Down to Earth is Science and Environment fortnightly published by the Society for Environmental Communication, New Delhi. We publish news and analysis on issues that deal with sustainable development, which we scan through the eyes of science and environment.

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Excellent information. Thanks.