Tag: Loss and Damage Finance
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NATIONAL AND LOCAL | Which actors should receive loss and damage finance? Enabling nationally and locally owned approaches
Following the agreement to establish a new fund to provide financial support for responding to loss and damage at COP27, COP28 will mark a critical moment as it will officially kickstart negotiations on the fund’s operationalization. One particularly contentious aspect of the new fund and L&D finance more broadly is who it will target as…
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The First Step in Operationalizing Loss and Damage Finance: Reflections on the Transitional Committee Process
As the 28th session of the Conference of the Parties (COP 28) commences tomorrow, expectations are soaring, especially regarding the crucial agendas of Loss and Damage (L&D) in 2023. The operationalization of both the Santiago network and the L&D funding arrangement will take center stage of discussions. COP 27 in 2022 marked a breakthrough for…
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Time to make climate funds part of mainstream finance
The problem of global climate change has already gone through two eras and has now entered the third era. The first was the era of mitigation; the second was the era of adaptation; and now we are in the era of loss and damage from human-induced climate change. Mitigation and adaptation are still prevalent issues,…
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The CDL Field Guide To Obstruction of Loss and Damage Finance in the UNFCCC Negotiations
The Climate and Development Lab at Brown University, USA, teamed up with the International Centre for Climate Change and Development in Bangladesh to develop a typology of 14 ways developed nations have resisted efforts by the developing world to create funding mechanisms under the UNFCCC to pay for losses and damages resulting from climate change.…