COP27 Recap.pdf

- Loss and Damage funding arrangement was adopted as an official agenda item.
- Developing countries, led by Pakistan, pushed for finance for Loss and Damage.
- The US initially opposed the agenda item but eventually agreed with the caveat that it would not include liability and compensation.
- A transitional committee was established to develop options for financing Loss and Damage by COP28.
- ICCCAD is working on research and capacity-building programs on Loss and Damage in LDCs.
- Civil society, including ICCCAD, organized side events and pressed for progress on Loss and Damage throughout COP27.
- Key areas of focus include building evidence-based capacity in LDC countries and addressing non-economic loss and damage.
- The next steps include sharing research findings with the Transitional Committee and assisting negotiators from the LDC Group at COP28.
- A functioning Loss and Damage fund is still a long way off, but being well-prepared with knowledge, evidence, and alliances is crucial for success.