Pakistan to tap loss and damage fund despite reservations

Pakistan to tap loss and damage fund despite reservations

As the Fund for Responding to Loss and Damage (FRLD) opens for business at COP30 later this month with money grossly insufficient to address damage caused by climate change, Pakistan is expected to submit proposals to the tune of $10-20 million to the FRLD board despite reservations. Three years after its operationalisation at COP27 in Egypt, the fund has about $300 million in total and pledges of $700m by the Global North countries. Intended as…