Australia Commits $50 Million to Global Loss and Damage Fund at COP29

At the ongoing COP29 summit in Baku, Azerbaijan, Australia’s Climate Change and Energy Minister Chris Bowen announced a $50 million commitment to the Fund for Responding to Loss and Damage. This contribution will help developing nations manage climate change impacts, including natural disasters and extreme weather events, providing vital support.

Australia’s pledge to the global fund supports vulnerable countries facing climate change impacts, reinforcing its commitment to international climate action. Bowen highlighted that developing nations, contributing least to emissions, are disproportionately affected by extreme weather, rising seas, and heat.