Climate talks reached agreement on operationalizing a loss and damage fund that has the potential to impact not only countries and communities on the frontlines of the climate crisis but around the world. This in-depth explainer takes a look at how we are all impactedand how addressing loss and damage can benefit humanity as a whole.

What is the fund? How does it work? And why is this moment so historic? Sunita Narain, Director General of the Centre for Science and Development, breaks down the importance of the issue, and Axelle Bodwell, a Financial Analyst with the Government of Seychelles, explains how in our interconnected world, collective action is vital to our shared future.