The Transitional Committee (TC) created at COP27 has acomplex task to reach solutions on loss and damage financingthis year. There is strong opportunity for progress: from settingup a new dedicated fund to designing wider fundingarrangements to address loss and damage and identifying newsources of finance. The list is long and time is short: so how canthe TC work efficiently, contribute …

In the context of climate policy, “loss and damage” refers to unavoided climate change impacts, including those from extreme weather events and slow-onset events such as sea-level rise, increasing temperatures, and loss of biodiversity. Some argue that focusing on loss and damage distracts industrialized countries from attempts to avoid losses and damages in the first place through decarbonization and adaptation. …

First Minister of Scotland Nicola Sturgeon announces another £5m of funding for loss and damage at COP27 to support communities impacted by slow-onset events and non-economic loss and damage. Image credit: Teo Ormond-Skeaping ©. On the first day of COP26 in Glasgow, the Scottish Government made headlines as it became the first developed country to explicitly pledge finance to address loss and …

Countries in the Global South have been advocating for funds to cover the losses and damagesthey will face due to climate change for more than three decades. In that same time, countriesin the Global North – the U.S. in particular – have repeatedly prevented those funds frombecoming a reality. In this briefing paper, we detail the history of obstruction to …

Last year, the 27th Conference of the Parties (COP27) for climate change agreed to establish a loss and damage (L&D) finance facility to support the recovery from loss and damage caused by the increasing impacts of climate change. The decision to establish an L&D fund can be regarded as just a political win; it is not a climate win yet. …

Vulnerable countries and communities are already facing loss and damage resulting from climate impacts, and urgently need financial support to recover and rebuild livelihoods and infrastructure. Despite increasing demands, however, finance for addressing loss and damage has been largely absent and falls far short of the scale of needs. There are also gaps in the existing climate finance architecture that …

A Call for Enhanced Implementation of Loss and Damage Action The latest science from the Intergovernmental Panel on Climate Change paints a troubling picture of how climate impacts are already more widespread, occurring earlier and are far worse than expected. It finds that even the most effective adaptation measures cannot prevent all losses and damages, which are a present-day reality …

The Santiago Network on Loss and Damage (SNLD) was established at COP25/CMA2, “as part of the Warsaw International Mechanism,…for averting, minimizing and addressing loss and damage associated with the adverse effects of climate change, to catalyse the technical assistance of relevant organizations, bodies, networks and experts, for the implementation of relevant approaches at the local, national and regional level, in …

The series of extreme weather events in 2022 fuelled by climate change that devastated lives and livelihoods of millions – from the floods in Pakistan and China to droughts in Somalia, Ethiopia, Brazil, and Europe – set a clarion call for the long-awaited climate finance, also known as loss and damage finance. After years of hard negotiations, at the world’s …

Many agree that developing nations need help to cope with a warmer world. Some call the current effort a ‘placebo.’ John F. Kerry, U.S. special envoy for climate, talks at the World Economic Forum in Davos, Switzerland, on Jan. 18. (Markus Schreiber/AP) There were high hopes in November when a global climate summit in Egypt adjourned with the creation of …