At COP27, parties decided to set up and establish a new Loss and Damage Fund and tasked a Transitional Committee with the technical work to develop the Fund’s modalities and also to address broader funding arrangements to respond to loss and damage.  The Fund, once established, should become the central player in an emerging loss and damage finance landscape to support developing countries on …

Global biodiversity loss has been disproportionately driven by consumption of people in rich nations. The concept of ‘loss and damage’ — familiar from international agreements on climate change — should be considered for the effects of biodiversity loss in countries of the Global South. For decades, countries across the Global South have been calling on rich countries to accept responsibility …