Santiago network for averting, minimizing and addressing loss and damage under the Warsaw International Mechanism for Loss and Damage associated with Climate Change Impacts. Draft decision -/CMA.5. Proposal by the President
The Santiago Network, established in December 2019 at COP 25, plays a crucial role in addressing climate change impacts in developing countries. It focuses on catalyzing technical assistance from various organizations, bodies, networks, and experts. It aims to support developing countries in averting, minimizing, and addressing loss and damage caused by climate change. Its mandate includes facilitating access to knowledge, resources, and technical assistance needed to address climate risks comprehensively.
The Parties agreed on the institutional arrangements to operationalize the Santiago Network for Loss and Damage. This agreement indicates a structural and functional link between the Santiago Network and the Loss & Damage Fund. The Network is envisioned to play a key role in catalyzing the technical assistance necessary for the effective use of the fund. This link is expected to enhance the capacity of vulnerable countries to address the losses and damages they face due to climate change.
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