The UN Framework Convention on Climate Change (UNFCCC) 28th Conference of the Parties (COP28) set out a historic agreement to operationalize the loss and damage (L&D) fund to address and respond to the impacts of climate change for those countries that are particularly vulnerable. The COP28 decision further established a Board of the L&D Fund […]
COP28 in Dubai achieved a historic breakthrough in addressing the finance gap for loss and damage (L&D). On the opening day, the Parties agreed to operationalize the L&D Fund for responding to L&D, which has received U.S. $661.39 million in pledges to date. More than U.S. $100 million was pledged for funding arrangements for L&D. […]
The UN Framework Convention on Climate Change (UNFCCC) 28th Conference of the Parties (COP28) and the fifth Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA5) in 2023 saw several significant decisions adopted. This included the conclusion of the Global Stocktake (GST), the agreement on the framework for […]
To ensure success at the United Nations Framework Convention on Climate Change’s 28th Conference of Parties (COP28), Parties must agree to specific, operational, and transformational signals in the first global stocktake (GST). Drawing upon more than two years of analytical work and outreach, this report proposes key signals to drive a successful GST process across […]
Loss and damage (L&D) generally refers to the economic and non-economic loss or damage associated with slow onset events and extreme weather events caused by climate change, although it is not formally defined under the United Nations Framework Convention on Climate Change (UNFCCC) or Paris Agreement. Vulnerable nations have consistently called for the provision of […]
Funding for loss and damage (L&D) is available within and outside of the UN Framework Convention on Climate Change (UNFCCC). However, there is a significant gap between the finance available and the finance needed for responding to and addressing L&D. The gap is likely to widen considering future climate scenarios and larger macroeconomic drivers unless […]
