The aftermath of heavy rains on June 21, 2022, in Jatrapur Union, Kurigram, Bangladesh. Image credit: World Meteorological Organization licensed under CC BY-NC 2.0 DEED / © World Meteorological Organization/Muhammad Amdad Hossain
COP 28 has the opportunity to redress the long term imbalance of the climate negotiations and ensure that the international climate architecture works for the people and countries on the front line of climate impacts. This brief unpacks the Loss and Damage package that COP 28 must deliver to reach that ambition detailing the Loss and Damage outcomes required from the: first Global Stocktake (GST)of the Paris Agreement, the Santiago Network for Loss and Damage, the Loss and Damage Fund and Funding Arrangements and the New Collective Quantified Goal (NCQG) on Climate Finance.
Key to ensuring a COP 28 outcome that will fill the missing gap in the international climate architecture and enable the UNFCCC and Paris Agreement to deliver on addressing loss and damage and support people on the front line of climate impacts is:
• The GST provides a clear idea of the loss and damage occurring already, and the pathways forward to address the gaps.
• Ensuring the Santiago Network has the tools it needs to immediately start supporting developing countries to develop their approaches to addressing loss and damage so that changes on the ground can be implemented immediately, and ramped up when funding is provided through the Loss and Damage Fund.
• Agreeing a fair and fit for purpose Loss and Damage Fund that is directly accessible to developing countries and communities at the scale of their needs now, and able to scale up over time.
• Ensuring that the NCQG is well placed to provide a goal or guide for loss and damage finance, including through the Loss and Damage Fund.