Financing Loss and Damage from Climate Change: Challenges and Opportunities

1 year ago

The concept of loss and damage was first raised in the 1991 climate change negotiations by Vanuatu as a facility to compensate small island developing states for the devastating impacts of sea-level rise. Subsequently, the term “loss and damage” has come to be understood as any negative consequences of climate change on economic, social and environmental systems. https://theaseanmagazine.asean.org/article/financing-loss-and-damage-from-climate-change-challenges-and-opportunities/