Operationalizing the Loss and Damage Fund: learning from the perspectives of funders and potential recipients
Source
Stockholm Environment Institute
This brief summarizes key points from recent research conducted to examine ways for the new Loss and Damage Fund to best achieve its aim of helping vulnerable countries respond to and recover from climate impacts.
Some of the key findings from the research:
- The fund must be set up and operated in ways that are fair and are perceived as being fair by donor and recipient communities.
- Though there is no single, correct way to operationalize the fund, it is vital that the fund is transparent about how it will set priorities, navigate trade-offs, and determine who will participate in making key decisions.
- Operationalizing the fund will require carefully considering four key trade-offs: whether to establish a wide financial scope for the fund itself or to focus on increased coordination among other funders; whether to emphasize participatory governance or devolved approaches; whether to prioritize decision-making processes that are inclusive or faster; and whether to prioritize greater accessibility or stronger oversight.
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Themes
Economics of DRR
Number of pages
10 p.
Publication Year
2023