Further negotiation at COP27 is critically important for the effective implementation of the Paris Agreement and to ensure justice for the poor and vulnerable countries that are increasingly being affected by the impacts of climate change.
The issue of Loss and Damage (L&D) has been and remains a highly contentious issue in climate negotiations. It has a long history and was first raised by the Alliance of Small Island States in 1991. Since then, the concept has progressively been institutionalized, in particular through the Warsaw International Mechanism at COP19, and then anchored in Article 8 in the Paris Agreement in 2015.
Climate justice demands that countries and people least responsible for climate change must not bear the burden of losses and damages and a financial mechanism for L&D is established on polluter pays principles.
This side event contributes to this important topic with experiences from three continents and from the perspectives of communities, governments, private philanthropy and academia. The experiences will highlight current approaches to deal with losses and damages using different instruments, including innovative finance mechanisms supported and piloted by philanthropic donors, and will address the scale of the challenge and the imperatives for a L&D global mechanism.
- Ashish Barua, Program Manager, Climate Change & DRR, Helvetas Bangladesh
- Karina Barrera, Subsecretary for Climate Change, Ministry for Environment, Water and Ecological Transition of Ecuador
- Zoha Shawoo, Associate Scientist, Stockholm Environment Institute
- Fanaye Gebrehiwot, Country Director, Helvetas Ethiopia
- Ottilie Bälz, Senior Vice President, Robert Bosch Foundation
- Maria Gracia Aguilar, Consultant, Climate Action Program, Fundación Avina
- Heather McGray, Director, Climate Justice Resilience Fund
Session moderator – Rupa Mukerji, Advisory Services Director, Helvetas.