Denmark becomes first UN member state to pay ‘loss and damage’ from climate change

Denmark has become the first member state of the United Nations to offer funding for “loss and damage” due to climate change to developing countries.

Denmark pledged to pay 100 million Danish crowns ($13 million) as climate assistance to the most climate-vulnerable regions in the world.

“It is grossly unfair that the world’s poorest should suffer the most from the consequences of climate change, to which they have contributed the least. With this new agreement, we are putting action behind words and working across civil society, authorities, the private sector, and experts to solve one of the biggest challenges of our time,” Danish Development Minister Flemming Møller Mortensen said.

According to the Danish Foreign Ministry, 32.5 million Danish crowns ($4.29 million) will go to its “strategic partnerships with civil society, which work with climate-related losses and damages with a special focus on the Sahel region.”

Meanwhile, 35 million Danish crowns ($4.62 million) will go to InsuResilience Global Partnership, an organization based in Frankfurt, Germany that subsidizes insurance schemes for poorer countries.

The Danish Foreign Ministry said that 25 million Danish crowns ($3.3 million) are set aside for “strategic efforts” that can support current climate negotiations leading up to and during the 2022 United Nations Climate Change Conference or COP27.

The remaining 7.5 million Danish crowns ($990,981) will go to civil society actors working in developing countries to increase resilience to climate change.

Denmark made the pledge during a ministerial meeting on the sidelines of the UN General Assembly in New York.

Scotland and the Belgian region of Wallanoia have pledged funds for climate loss and damage, but neither is a member state of the UN.


© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.