Africa is losing nearly 200 billion dollars every year to climate-related destruction, from damaged infrastructure and flooded roads to declining agricultural production. As climate shocks intensify across the continent, attention is turning to the Loss and Damage Fund, created at COP27, to see whether it can deliver meaningful financial support to vulnerable countries.
The fund was designed to help developing nations recover from the devastating impacts of climate change—impacts that many African economies are already struggling to absorb.
