US names officials to board of new global climate fund

By Sara Schonhardt | 03/04/2024 06:44 AM EST

Development of the so-called loss and damage fund has been in the works since nations agreed to its creation in 2022 during U.N. climate talks in Egypt.

Victims of heavy flooding carry relief aid on Sept. 9, 2022, in the Qambar Shahdadkot district of Sindh Province, Pakistan.

Victims of heavy flooding carry relief aid on Sept. 9, 2022, in the Qambar Shahdadkot district of Sindh Province, Pakistan. Fareed Khan/AP

The United States has nominated a climate economist to sit on the board of a new global fund that was established to help countries damaged by the irreparable impacts of climate change.

Rebecca Lawlor, an economist and climate finance negotiator at the Treasury Department, will hold the main seat, while Christina Chan, a State Department official who represented the U.S. on a transitional committee that helped craft the fund’s design, will serve as Lawlor’s alternate.

The seats were listed Friday on the United Nations climate body’s website, signaling an end to a monthlong dispute between wealthy nations over which countries would take 12 of the 26 seats dedicated to developed countries.

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The move puts Treasury in the lead on the U.N.-backed fund rather than State, which led negotiations over its creation — though the arrangement means the two agencies still will work closely together.

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