Loss and damage finance seeking a home

11 November 2017

In an ironic twist, loss and damage finance seems to be suffering from displacement. ECO hears that developed country delegates keep trying to shunt the issue of loss and damage finance into some mythical “elsewhere”, claiming that discussions on the WIM were not the right place for it. ECO reminds delegates that 2/CP19 is a passport for the WIM into the world of loss and damage finance – with a clear mandate for the WIM to “enhance”, “facilitate”, “mobilise” and ‘secure” finance for loss and damage.


Is a taskforce the answer to the thorny issue of where loss and damage finance belongs? With the right mandate €” clear outcomes and timeframes, instructions to consider innovative sources of finance that go  beyond insurance, a budget to be effective, and an invitation for civil society to engage, it may well be. One thing is for sure – after four years of the WIM not addressing its mandate to enhance finance for loss and damage, something has to change.

Support CAN

Help us build power in the climate movement by contributing a one-time or recurring donation that will go to supporting our global work as well as various activities and campaigns in communities in different regions.

Donate to CAN

Stay informed

Subscribe to receive monthly updates on the latest on the climate movement including the content from across the network, upcoming climate change events, news articles and opinion pieces on climate, straight to your inbox.

Subscribe to our newsletter