“Loss and damage can often be an emotive and difficult topic at UN climate talks” – referring to the destructive impacts of climate change.
The paper released by Chatham House explains the definition of ‘loss and damage’; its extent so far; the liability of ‘loss and damage’; the compensation for it; ‘loss and damage’ in international climate negotiations; ‘loss and damage’ and the 2015 Paris Agreement; and, loss and damage’ at COP26 and COP27.
The paper also examines how to deal with ‘loss and damage’ putting the emphasis on the 2021 Glasgow Climate Pact, agreed at COP26, which ‘urges’ developed countries and other stakeholders ‘to provide enhanced and additional support for activities addressing ‘loss and damage’ associated with the adverse effects of climate change’. Nevertheless, distribution of this finance has not been decided yet as the debates between developing and developed countries continue.