Australia will contribute $50 million to the Fund for Responding to Loss and Damage, to assist countries impacted by the climate crisis. “Now is the time for action and implementation – and for all major economies to do their part,” said the Minister for Climate Change and Energy, Chris Bowen, in a joint media release.

“Australia is committed to supporting Pacific priorities and welcomes Pacific leadership to drive climate action, including on responding to loss and damage.”

With this financial contribution, Australia recognises the devastating impact climate change is having on the livelihoods, security, and wellbeing of climate vulnerable countries and people, particularly in the Pacific region.

The Fund will assist developing countries respond to extreme weather and slow onset climate events, addressing the economic and non-economic impacts of climate change.

Support for loss and damage is a priority for Pacific countries, who face an existential threat from climate change. We recognise the leadership of the Pacific in driving global climate action.

Australia joins Canada, Germany, the United Arab Emirates, the United States and the United Kingdom, among others, who are also contributors to the Fund.

This contribution complements Australia’s foundational $100 million commitment to the Pacific Resilience Facility, a $50 million contribution to the Green Climate Fund and the incorporation of climate change action as a central pillar of Australia’s international development program. (NAN – 21-11-24)