The Loss and Damage funding in the context of climate change impacts was agreed upon by the international community at

The dedicated Loss and Damage fund to help vulnerable nations cope with climate harm was agreed at the 2022 summit held in Sharm el-Sheikh.

The 2019 Madrid meeting advanced discussion but did not establish the fund.

The 2021 Glasgow meeting created a dialogue on the issue without a financing decision.

The 2015 Paris meeting produced the Paris Agreement, not this fund.

The breakthrough came only at the twenty-seventh session of the climate conference.

The fund targets irreversible climate impacts that adaptation alone cannot prevent.