Elaboration of the sources of and modalities for accessing financial support for addressing loss and damage.Technical paper by the secretariat
Open
Agenda item

SBSTA 50

4. Terms of reference for the 2019 review of the Warsaw International Mechanism for Loss and Damage associated with Climate Change Impacts.

SBI 50

9. Terms of reference for the 2019 review of the Warsaw International Mechanism for Loss and Damage associated with Climate Change Impacts.
Abstract

This technical paper reviews existing sources of financial support, including the Financial Mechanism and a broader set of funds and institutions which channel financial support relevant for addressing loss and damage associated with climate change impacts. The paper briefly explores how “addressing loss and damage” is conceptualized in order to provide a basis for examining sources of relevant financial support. It also discusses current limitations and challenges in elaborating finance for addressing loss and damage. The paper concludes with reflections on insights gained from the elaboration of such financial support and areas for potential further analysis which may contribute to further discussion on finance for addressing loss and damage.