$700 Million raised so far for Loss and Damage Fund for small island developing states.
With the 2024 hurricane season expected to bring exceptionally strong storms, Trinidad and Tobago, along with the rest of the Caribbean, is worried about dealing with the loss and damage resulting from such events and the struggles of economic recovery afterward. This is why the Alliance of Small Island Developing States is pushing for the establishment of a Loss and Damage Fund. The concept is being presented to donors at the SIDS4 conference in Antigua and Barbuda in hopes of attracting pledges.
