Finance for Loss and Damage was a critical issue in the lead up to and at COP26. While the outcome in the Glasgow Climate Pact was underwhelming—a push by developing countries to establish a Glasgow Loss and Damage Facility could not overcome developed countries’ strong resistance—the momentum gained on this issue, if not derailed, can lead to more success at COP27 in Egypt. This In this article from Heinrich Böll Stiftung, Washington, DC,  outlines the outcome of COP26, positions of key groups and Parties, and the prospects for Loss and Damage finance at COP27, including key milestones and opportunities, in 2022.