The First Meeting of the Loss and Damage Transitional Committee: Emerging Trends & Challenges Ahead At the last United Nations climate conference in Sharm el-Sheikh (COP27) in 2022, countries established a fund to respond to the harms caused by climate impacts (referred to as “loss and damage”) in developing countries. This decision was a major win for climate-vulnerable countries and …

People get on a boat as they look for shelter during a widespread flood in the northeastern part of the country, in Sylhet, Bangladesh, June 19, 2022. REUTERS/Kazi Salahuddin Razu What’s the context? A group of poor countries and island states will work out how to find and use finance to help communities deal with climate harm Countries to set …

Rohit, a local leader in Bangladesh, in front of the space where his house once stood (Credit: Douwe van Schie) The loss and damage conversation largely centres around the economics of climate impacts. Losses and damages which are difficult to value on a monetary scale are termed ‘non-economic losses and damages’, often left out of the equation, and often misunderstood. …

During the 26th UN Climate Change Conference (COP26) in Glasgow, Scotland last year, developing countries put forward a proposal to create a Finance Facility for Loss and Damage (FFLD), which was not accepted by developed countries. Instead, they replaced it by setting up the Glasgow Dialogue on Finance for Loss and Damage, which would carry on for three years before …