Equitable and targeted support Both providers and recipients of The allocation of finance should favour the finance are forthright about the most vulnerable people within a country and quantity of funds disbursed, timing in individual communities and households, and conditions, as well as the use including women, Indigenous Peoples and of funds. [...] 2.7 Key takeaways Delivering loss and damage finance fairly and effectively requires going beyond helping vulnerable people to ask potentially uncomfortable questions, such as “Who has the duty and responsibility of paying?” and “Who has the legitimacy to decide how the money is used and by whom?” Our review of the literature suggests that loss and damage finance should take an intersectional appr. [...] The interview questions focused on a) links with and lessons from existing finance structures relevant to loss and damage b) ways to mobilize and disburse finance to a loss and damage finance facility that align with polluter-pays and historical responsibility principles c) ways to operationalize a loss and damage finance facility at the global level, taking into account climate justice principles. [...] 20 Stockholm Environment Institute 3.1 Learning from past and present experiences Lessons from and links to the existing global finance architecture Only one interviewee (a negotiator from the Global North) argued that a loss and damage finance facility is not needed, and that instead the efficiency and effectiveness of the full spectrum of funds and mechanisms under the existing global finance ar. [...] Taking political feasibility into account, and to build a track record and evidence base for a future UNFCCC-hosted, dedicated structure, several respondents supported a phased approach: In the near term, better integrate loss and damage into existing finance channels inside and outside the UNFCCC (Hirsch 2019), and in the medium term, work to create and operationalize a new loss and damage financ.
- Pages
- 40
- Published in
- Germany
