8/13/2023 0 Comments Existing finance definitionMoreover, recent Oxfam research shows that even when humanitarian aid is appropriate, the global community has not adequately responded to the scale of the need. In the case of humanitarian assistance, the conversation must focus on the funding gap and ensure that existing humanitarian funds are not diverted or relabeled. Negotiators and policymakers must remain focused on the goal of supporting impacted communities by mobilizing resources. To make a clear distinction between the two, a definition for addressing loss and damage is required, but discussions attempting to agree on a definition or scope can quickly become politically charged. While these two can overlap, they are not the same: humanitarian assistance is primarily in reaction to an event, while addressing loss and damage can involve that immediate response but also include proactive anticipatory measures such as contingency funds and insurance. This is especially true as non-economic losses and slow onset events make it harder to define what qualifies as loss and damage.īecause there is no official definition for loss and damage, there is no clear line between financing to address loss and damage and providing humanitarian assistance. Action on loss and damage must also be understood to go beyond relief, rehabilitation and recovery from disasters to include safe migration and resettlement and long-term security to re-establish lives and livelihoods. For example, if there is more mitigation and adaptation action, there will be less need for loss and damage support, but the opposite is also true.įor our analysis, we focused on activities and finance that could be understood as addressing loss and damage, given that averting and minimizing overlap a lot with mitigation and adaptation. Addressing loss and damage is the crucial third pillar of climate action: helping people after they have experienced climate-related loss and damage. The Paris Agreement discusses loss and damage using the phrase “averting, minimizing and addressing loss and damage.” Loss and damage can be averted by curbing greenhouse gas emissions (mitigation) and minimized by taking preemptive action to protect communities from the consequences of climate change (adaptation). Challenges for Assessing Loss and Damage Financing According to new preliminary research from WRI to understand the existing landscape of financing for loss and damage, while there are some very limited activities underway that could potentially be classified as addressing loss and damage, these are often coded as adaptation or disaster risk management, and current funding is nowhere close to addressing the full scale and scope of the problem. While some of this likely addressed loss and damage, there is no clear estimate for how much it was, nor is there a clear or comprehensive understanding of mechanisms to directly address loss and damage once a climate catastrophe hits. Of this total, about 90.3% went to mitigation and 7.2% went to adaptation the remaining 2.4% went to activities that covered both. While this shouldn’t discourage action or hope, it makes clear that any climate action package is incomplete without serious action and financing to address the loss and damage that has already been set in motion.Īcross 2019-2020, the average annual global financing for climate action came to $632 billion. The Intergovernmental Panel on Climate Change (IPCC) indicates that even if the world rapidly decarbonizes, greenhouse gases already in the atmosphere and current emissions trends will make some significant climate impacts unavoidable through 2040. This is the reality known as loss and damage, and its impact is set to increase drastically over the next two decades. Since 2000, over 4 billion lives have been impacted and $2.9 trillion lost to disasters, the bulk of which are attributable to extreme weather events.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |