Australia Commits $50 Million to Address Damage from Climate Change

The move complements existing commitments like the $100 million Pacific Resilience Facility pledge.

Conference participants attend day six at the UNFCCC COP29 Climate Conference in Baku, Azerbaijan on Nov. 16, 2024. Sean Gallup/Getty Images

Australia’s Labor government has pledged $50 million to the Fund for Responding to Loss and Damage, aimed at assisting nations severely affected by the climate crisis.

The fund will support developing countries addressing the economic and non-economic impacts of extreme weather and slow-onset climate events.