US Dumps Loss And Damage Facility - Providing Some Funding To Poorest Nations Facing Climate Impacts

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The Trump administration has withdrawn the US from a global agreement under which the developed nations most responsible for the climate crisis pledged to partly compensate developing countries for irreversible harms caused by global heating.

The loss and damage fund was agreed at the Cop28 UN climate summit in late 2023 – a hard-won victory after years of diplomatic and grassroots advocacy by developing nations that bear the brunt of the climate crisis despite having contributed the least to greenhouse gas emissions. The fund signalled a commitment by developed, polluting countries to provide financial support for some of the irreversible economic and noneconomic losses from sea level rise, desertification, drought and floods already happening.

The US has a long record of delay tactics and obstructionism, and had so far pledged only $17.5m (£13.5m) to the loss and damage fund, which became operational on 1 January this year. Now the US, the biggest historical emitter of greenhouse gases, will no longer participate in the initiative. “On behalf of the United States Department of the Treasury, I write to inform you that the United States is withdrawing from the board for the fund for responding to loss and damage, effective immediately,” said Rebecca Lawlor, the deputy director at the US Office of Climate and Environment, in a letter to the fund.

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Rachel Rose Jackson, a research director at Corporate Accountability, said: “Let’s be clear – the US has never been a climate champion. Yet the Trump administration’s anti-climate action agenda – including its withdrawal from the loss and damage fund board – is a wrecking ball made of dynamite. It’s dangerous, it’s malicious and it will destroy lives. “We cannot allow the Trump administration, and the greedy corporations pulling the strings, to get away with destroying the planet. It’s time for the United States to pay up its climate debt and do its fair share of climate action.”

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https://www.theguardian.com/us-news/2025/mar/07/us-exits-fund-that-compensates-poorer-countries-for-global-heating