Climate Finance for Addressing Loss and Damage
How to Mobilize Support for Developing Countries to Tackle Loss and Damage
The injustice of climate change means that the world’s poorest countries, which have done the least to cause the climate crisis, are hit the hardest by climate change impacts and driven deeper into vulnerability, poverty and debt. The financial support and action towards climate change mitigation and adaptation are too little to respond to the climate emergency and in- creasing climate-related loss and damage.
The report introduces the climate justice criteria of mutuality, solidarity, accountability, and the transversal principle of transparency of finance for assessing financial sources to address loss and damage. It discusses options for funding mechanisms to address climate-induced loss and damage. It concludes with a number of concrete recommendations for addressing loss and damage.
This publication is a contribution to the discussions on loss and damage finance, specifically highlighting the needs of the most vulnerable population groups and the responsibility of the polluters as well as of rich countries. The organisations publishing it share from their faith-based humanitarian and development work, as well as their continuous interaction with, and presence in, communities through churches and partners, which enable them to provide important facts and bear witness to the urgent need for loss and damage finances.
Author: Thomas Hirsch (Climate and Development Advice)
With contributions by: Mizanur Rahman Bijoy, Ojelel Benjamin Etubi, Lilian Kantei Joseph Imuton, Genevieve Jiva, Andrew Masaba, Sabine Minninger, Sixbert Mwanga, Kenedy Orach, Mohammad Mahbubur Rahman, Wande Rajabu, Gerold Schmidt