New Loss and Damage Fund Is Actually a Win-Win

A new fund to help developing countries recovering from climate change was created at COP27. Why is this beneficial even for the U.S.?



With the creation of this fund, do you consider COP27 a success?

And now for the good news from the 2022 United Nations Climate Change Conference, or COP27: the creation of a loss and damage fund to support developing countries recover from the unavoidable impacts of climate change. Many proponents of the fund have treated it as a purely moral issue, but there’s actually a lot more to it. Ethan breaks down why, purely from an American perspective, the loss and damage fund is beneficial and exciting in this week’s “Tip of the Iceberg.”

The Sweaty Penguin is presented by Peril and Promise: a public media initiative from The WNET Group in New York, reporting on the issues and solutions around climate change. You can learn more at

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Writer: Ethan Brown, Bobbie Armstrong, Madeleine Salman, Maddy Schmidt

Editor: Megan Antone

Producers: Ethan Brown, Megan Crimmins, Shannon Damiano, Maddy Schmidt

Ad Voiceover: Maddy Schmidt

Music: Brett Sawka

The opinions expressed in this podcast are those of the host and guests. They do not necessarily reflect the opinions or views of Peril and Promise or The WNET Group.

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The Sweaty Penguin
The Sweaty Penguin is a digital news source and podcast aiming to make environmental issues less overwhelming and politicized and more accessible and fun.


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