The Warsaw International Mechanism (WIM) for Loss and Damage (L&D) was first established in 2013 at the nineteenth Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC). The WIM is the result of several years of demands from Small-Island Developing States (SIDs) and Least Developed Countries (LDCs) to address the residual, unavoidable losses and damages from climate impacts that are not being tackled through adaptation and risk reduction strategies alone.
In recent years, the WIM has focused primarily on knowledge-gathering and coordination of bodies as opposed to finance, with no funding mechanism as yet in place to address climate justice or provide compensation to countries already facing losses and damages. At COP25 in Madrid, a clear demand emerged from the international community, particularly LDCs and SIDs, for the establishment of a loss and damage fund to provide finance and compensation to vulnerable countries and communities.
This event will present insights from an exploratory project which aims to address this demand by developing design options for such a loss and damage fund. We will present findings from a thorough literature review and set of interviews in the form of key foundational principles that we propose could form the basis of a fair and feasible loss and damage fund. Based on these principles, we will propose three preliminary potential options for the design of such a fund. The second half of the event will be an exploratory discussion with a panel of key experts, with whom we hope to discuss the potential feasibility of the different options for financing loss and damage and gain inputs from participants on as yet unresolved questions to help inform the future direction of our research.
Panelists and speakers
- Zoha Shawoo (Scientist, SEI US)
- Aaron Maltais (Senior Research Fellow, SEI HQ)
- Inès Bakhtaoui (Research Associate, SEI Oxford)
- Nedal Katbeh-Bader (WIM ExCom member)
- Archi Rastogi (Evaluation Specialist, GCF Independent Evaluation Unit)
- Andreas Reumann (Interim Head of IEU, GCF Independent Evaluation Unit)
- Linda Siegele (PhD Candidate, UCL)
- Welcome and introduction (Zoha Shawoo) – 10min
- Presentation of fair and feasible foundational principles for a loss and damage fund (Aaron Maltais) – 10min
- Presentation of proposed design options (Zoha Shawoo) – 10min
- Intervention on role of WIM ExCom (Nedal Katbeh-Bader) – 10min
- Intervention on GCF SIDS evaluation and role of GCF (Archi Rastogi and Andreas Reumann) – 10min
- Intervention on role of sovereign funds and solidarity funds (Linda Siegele) – 10min
- Discussion and Q&A – 45min
About the Gobeshona Global Conference
The Gobeshona conference provides an opportunity to bring together a distinguished and multidisciplinary group of scholars, policy-makers, researchers and practitioners from around the world to share their knowledge, research, and practical experiences on climate change issues with a broad range of themes, focusing on Locally – Led Adaptation Action (LLA) across different geographical regions. This event will bring together researchers as well as practitioners and supporters of LLA under one platform to focus on Learning and Measuring progress locally, nationally and globally, each year and track progress year on year. The aim of the conference is to stimulate actions amongst the participants, inspire people to start their own initiatives (through research or practice) and encourage collaborations.
Register below to attend this event.