Answer: COP27 (Egypt, 2022)
Notes: The U.S. has withdrawn from the Loss and Damage Fund (LDF), a setback for global climate justice efforts. The fund was created at the 2022 UNFCCC Conference (COP27) in Egypt. LDF provides financial aid to regions facing losses due to climate change, including rising sea levels, extreme weather, and crop failures. Developing nations, especially small island states, sought compensation from richer countries. Around $750 million has been pledged, with the U.S. contributing $17.5 million before withdrawing. The fund is managed by a Governing Board, with the World Bank as an interim trustee for four years.
