Loss and Damage – Creating a Fund
Are there tasks and capacities of other funds we could use?
Do we need a new fun for intl. loss and damage?
Some of the existing guidelines of loss and damage need to be a determining factor adapted to each country to be actually valid. How can we achieve this?
It has taken 5 years for the green climate fund to fund the first projects, funds will take long. Is it necessary and worthwhile to create a new fund?
Does the governance take the input?
The standing committee on finance would need to develop a standardized MRV approach.
How can we make sure that we are not only creating fuds but to make them benefit to the ones who suffer?
Further, some key principles need to be noted:
The polluter have to pay; precaution has to be met; Appropriateness should not impose additional burdens; Predictability should be considered and gender equality needs to be maintained.
For those, who are interested in this topic, the whole session can be found here: