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A funding mosaic for loss and damage
Koko Warner1, Michael Weisberg2
1Koko Warner is a visiting fellow at Perry World House, University of Pennsylvania, Philadelphia, PA, USA, and director of Global Data Institute at the International Organization for Migration, Berlin, Germany.
Climate change "loss and damage" addresses unavoidable impacts like sea-level rise. A new fund established at COP27 offers a "mosaic of solutions" for financial support, requiring scientific insights for operationalization.
Area of Science:
- Climate Policy and Economics
- Environmental Science
- International Relations
Background:
- Climate change causes unavoidable impacts, termed "loss and damage," including extreme weather and slow-onset events like sea-level rise and biodiversity loss.
- Debate exists on whether focusing on loss and damage distracts from mitigation and adaptation, or if industrialized nations must financially address the burden placed on developing countries due to insufficient mitigation.
- The 27th Conference of the Parties (COP27) in November 2022 established new funding arrangements for loss and damage, including a dedicated fund, to break the impasse.
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