https://www.taxtmi.com/news?id=36569 The United States has withdrawn its board representation from the Fund for Responding to Loss and Damage, with both the US board member and alternate stepping down and not to be replaced, reducing US participation in the Fund's governance; the Fund, operational from January 1, 2025, aggregates developed-country contributions to compensate developing countries for climate-change losses and damages, and the withdrawal has prompted calls for other developed donors and multilateral mechanisms to ensure sustainable resourcing and complementary insurance schemes for vulnerable populations. en-us Fri, 07 Mar 2025 20:01:03 +0530 Fri, 07 Mar 2025 20:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36569 The United States has withdrawn its board representation from the Fund for Responding to Loss and Damage, with both the US board member and alternate stepping down and not to be replaced, reducing US participation in the Fund's governance; the Fund, operational from January 1, 2025, aggregates developed-country contributions to compensate developing countries for climate-change losses and damages, and the withdrawal has prompted calls for other developed donors and multilateral mechanisms to ensure sustainable resourcing and complementary insurance schemes for vulnerable populations. News - Fri, 07 Mar 2025 20:01:03 +0530 https://www.taxtmi.com/news?id=36569