US Withdraws from UN Climate Damage Fund Board

The United States has officially withdrawn from the board of the UN’s climate damage fund, as revealed in a letter from the US Treasury Department, Jurist News reported. This decision means the US will no longer participate in the Fund for responding to Loss and Damage, established during the COP28 UN Climate Change Conference in 2023 to support developing countries affected by climate change.

The fund aims to address losses related to human lives, ecosystems, and property, with the UN estimating that up to $300 billion annually may be required for its operation. The US had previously agreed to contribute alongside nearly 200 other nations, pledging a total of $700 billion in donations.

This withdrawal follows a series of actions by President Donald Trump to limit US involvement in climate initiatives, including a prior intention to exit the Paris Agreement. Climate activists have condemned the decision, emphasizing the US’s historical role as a major fossil fuel producer and its responsibility for climate damage.