Loss & Damage

Developing countries achieved some small wins for loss and damage at COP24 in Katowice, but 2019 is when real advances on financing for loss and damage could be made. 

With severe climate impacts for the most vulnerable countries on the rise, adaptation is no longer sufficient. Significant loss and damage must be accounted for. This discussion paper looks at how financing for loss and damage should be governed and what institutions, approaches and methodologies are necessary.

Marrakech was never going to write history on loss and damage in the same way that Paris did in 2015. Whilst the progress made in the Paris Agreement was tangible at Marrakech, rich countries didn’t allow a real breakthrough yet. The Marrakech talks did, however, lay some groundwork for future progress.