Loss and Damage Fund Could Empty by 2027 as Climate Bill Nears USD 937 Billion
Donors have pledged USD 822 million to the Fund for responding to Loss and Damage (FRLD), yet only USD 448 million has actually landed in its accounts, according to Climate Home News. The outlet warns the FRLD could deplete its money in 2027.
That balance sits against a demand of a different order. In 2025, loss and damage finance needs across climate-vulnerable countries may have hit USD 937 billion, experts calculated in reporting by Climate Home News.
Hurricane Melissa left Jamaica with losses and damage estimated at USD 12.2 billion, according to Climate Home News. A run of destructive cyclones across the Philippines caused an estimated USD 5 billion or more in losses, the outlet reported.
Tropical Cyclone Freddy ranked among the worst on record in 2023, killing more than 1,200 people, displacing half a million, and inflicting damages above USD 500 million in Malawi, according to Climate Home News.
In Somalia, a severe drought emergency has left 1.9 million children acutely malnourished, the outlet reported.
Ethiopia carried a comparable weight in 2023, when five back-to-back failed rains affected 24 million people and wiped out 90% of crops in drought-hit areas, according to Climate Home News. Eleven million people needed food assistance and more than 500,000 were displaced, the same reporting stated.
Source: climatechangenews.com (opens in a new tab)1 sourcePermalink