Loss & Damage

The new Board of the Loss and Damage Fund (LDF) faces a daunting task in 2024 to further operationalize the Fund. Key priorities include setting access modalities, allocation parameters, and a resource mobilization strategy to deliver funds to vulnerable countries and marginalized communities.

When COP28 starts on November 30 in Dubai, United Arab Emirates, no less than the future of climate finance provision will be front and center throughout negotiations.

This summary provides the basic details of the Transitional Committee's final meeting and what the decisions made there mean for COP28.

With the specter of failure looming, the Transitional Committee adopted a last minute, hard-fought package of ‘take-it-or-leave-it’ recommendations for the new Loss and Damage Fund (LDF) and its funding, which need to be approved at COP28. Why is no one happy with it?

With time running out, the opposing visions of developed and developing countries for a new Loss and Damage Fund persisted, with no compromise in sight during high level events at the climate week in New York.

As the Transitional Committee wrestles with the new fund's scope, scale, and modalities, the focus must remain on affected communities and people