Allied for Climate Transformation By 2025 (ACT2025)
A Call for Enhanced Implementation of Loss and Damage Action
The latest science from the Intergovernmental Panel on Climate Change paints a troubling picture of how climate impacts are already more widespread, occurring earlier and are far worse than expected. It finds that even the most effective adaptation measures cannot prevent all losses and damages, which are a present-day reality for vulnerable people in climate hotspots.
Momentum for confronting loss and damage finally gained steam at the COP26 climate summit in 2021. However, despite an urgent plea from climate-vulnerable countries, the proposal for a new loss and damage financing facility was rejected by developed nations. This year, at COP27, countries will have another chance to finally establish a financing mechanism.
As part of a series that supports the ACT2025 Alliance Statement, this paper describes the rise and fall of this critical issue in the UN climate negotiations and proposes a set of recommendations for COP27 to help countries go beyond talking about funding for loss and damage and instead establish the means to deliver it.
Image credit: Moniruzzaman Sazal / Climate Visuals Countdown