WIM: The Next Generation

7 November 2016

Loss and damage (L&D) has earned its place in the climate change playbook, alongside adaptation and mitigation. With its own stand-alone article (8!), as well as a commitment that there will be international support for loss and damage, COP22 can boldly go where no COP has gone before.

And bold steps are sorely needed. Despite having “action and support” in its mandate since 2013, the Warsaw International Mechanism for Loss and Damage (WIM) has not yet even come close to  delivering bold actions to protect vulnerable people. The WIM framework for a 5-year plan is a good starting point, but needs political rocket-fuel to deliver real benefits in the near term. ECO applauds the WIM ExCom for listing finance as their top priority. However, we wonder how finance for L&D will be scaled up if the WIM’s current framework only contains a “placeholder” for finance. Loss and damage will need significant finance separate from adaptation finance. The first logical step would be for the WIM and the SCF to work out how much finance is required, and to put an appropriate strategy in place to raise the necessary funds. This plan has to also consider innovative sources. Levies from aviation and fossil fuel sales could provide a significant, predictable source of finance that need not come from taxpayer contributions.

In order for the WIM ExCom to deliver on their mandate, they will require additional resources. ECO suggests that the WIM should receive increased resources to roll out institutions. A world without loss and damage: make it so!

WIM: The Next Generation

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