Belem (Brazil), Nov. 11 -- An operating UN entity, that addresses the needs of vulnerable communities in developing countries facing the irreversible impacts of climate change, unveiled its first Call for Funding Requests under the Barbados Implementation Modalities (BIM) on the opening day of COP30.
The call given by the Fund for Responding to Loss and Damage (FRLD), which is a USD 250 million initiative under the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), signifies a pivotal moment in the Fund's development, said Harjeet Singh, Climate Activist and Founding Director of Satat Sampada Climate Foundation.
According to Harjeet, the call heralds a shift from a theoretical framework towards tang...