COP29 announced the full operationalisation of the Loss and Damage (L&D) Fund, a long-awaited step for developing countries, including small island states, least-developed countries, and African nations. This milestone marks persistent advocacy for climate justice. However, the fund’s current framework has notable gaps. This paper highlights key concerns in the existing framework, including the lack of a clear and comprehensive definition, problems of attribution and valuation, and funding challenges. The paper offers suggestions to address these lacunae, including an indicative mathematical formula for estimating the monetary value of L&D.
The Loss and Damage Fund: Questions, Concerns, and Suggestions
