COP28: Meet to discuss implementation of Loss and Damage Fund concludes successfully

COP28: Meet to discuss implementation of Loss and Damage Fund concludes successfully

Image: Getty Images

COP28 President Dr Sultan Al Jaber announced the successful conclusion of a significant United Nations Framework Convention on Climate Change (UNFCCC) meeting related to the implementation of the Loss and Damage Fund.

Once up and running the fund would provide particularly vulnerable countries, many at extreme risk from climate change, with funding to support recovery from the impacts of climate change.

Dr Al Jaber said: “As we have shown in Abu Dhabi, multilateralism works. The Transitional Committee has broken deadlocks and and found common ground to deliver clear recommendations. Parties must seal the deal in Dubai and  fulfill our obligations on the Loss and Damage Fund.”

The recommendation, if adopted by consensus at COP28 has the potential to impact “billions of people, lives and livelihoods who are vulnerable to the effects of climate change.” They, Dr Al Jaber said, “depend upon the adoption of this recommended approach at COP28.”

The Fifth Meeting of the Transitional Committee on Loss and Damage, held on November 3 and 4  in Abu Dhabi, has produced recommendations including the provision of much-needed, grant-based support to countries particularly impacted by climate and loss. 

Strong recommendation to operationalise Loss and Damage Fund is a key step

“I welcome the agreement reached