Skip to content
Apply
Stories

Climate loss-and-damage funding: how to get money to where it’s needed fast

People in this story

Last year, countries agreed to establish a fund to address climate-related ‘loss and damage’ at the 27th United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt. One year on, recommendations on the basics of the fund’s structure, governance and funding are expected to be set out at COP28 in Dubai, United Arab Emirates, at the end of this month.

It won’t be a full picture — negotiations are continuing and it will take time for the details to be worked out. Nonetheless, we argue, it’s crucial that aspects of the fund start to operate in 2024, including the release of small grants to support the most vulnerable people experiencing climate impacts.

Lessons must be drawn quickly from other areas of climate finance, too, notably the Green Climate Fund (GCF) — the world’s largest dedicated resource for supporting climate mitigation and adaptation in low-and middle-income countries (LMICs). By 1 November, the GCF had allocated US$13.5 billion to 243 projects since it was established in 2010.

Continue Reading at Nature.

More Stories

New report shows why Connecticut is a model for reducing racial disparities in traffic stops – and why other states haven’t been successful

07.16.2024

How will the assassination attempt of former President Trump impact the Republican National Convention?

07.13.2024

Motive in Trump assassination attempt may never be discovered, Northeastern expert says

07.16.24
All Stories