Announcements
Announcements
This event will present insights from an exploratory project which aims to address the demand to address the residual, unavoidable losses and damages from climate impacts 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.
House destroyed by the passage of a hurricane in Florida. Image: CHUYN / Getty
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.
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.
Project / The aim of the project is to provide options for the design of a fund for the Executive Committee of the Warsaw International Mechanism under the UNFCCC.
Feature / SEI was invited to share research insights with the International Development Association and Swedish Ministry of Foreign Affairs.
Perspective / Gary Haq reflects on the European Court's recent linking of climate change and human rights, stressing urgent need for older people's protection.
Event on 23 April in New York City / SEI's Finance for Sustainable Development team will explore financing solutions for clean energy in Sub-Saharan Africa at this UN side event.
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