INNOVATIVE SOURCES DEVELOPED COUNTRIES CAN MOBILISE TO MEET THEIR OBLIGATIONS TO FILL THE FUND FOR RESPONDING TO LOSS AND DAMAGE

By the Loss and Damage Collaboration

1/10/25

A Climate Damages Tax on fossil fuel extraction, an air passenger levy, and a Financial Transaction Tax, are just some of the many ways that developed countries can raise money to meet their legal and human rights obligations to fill the Fund for Responding to Loss and Damage. Image credit: Karina Movsesyan / Shutterstock

At the seventh meeting of the Board (B7) of the Fund for Responding to Loss and Damage (FRLD) the Board is expected to agree on the long term resource mobilisation strategy for the Fund. In this document we provide a non-exhaustive list of innovative sources of Loss and Damage finance and the revenues that could be generated. This table reveals that at least 4.8 trillion USD can be mobilised from innovative sources each year by developed countries to meet their obligations for Loss and Damage finance.

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