Cop27 resulted in the historic decision of setting up a loss and damage fund to help vulnerable countries, but success depends on a few key actions.
Last November, at Cop27 in Egypt, a pivotal decision was unanimously agreed by all countries to establish a funding mechanism to address loss and damages caused by human induced climate change.
The process for doing this was also agreed by setting up a Transitional Committee (TC) on funding loss and damage with 24 members representing different geographical and other constituencies which would meet three times before Cop28 in Dubai in December.
The TC has just been formed with some eminent people as members and will have its first meeting in March in Egypt. They will have to come up with ways in which the fund can be set up and managed for a decision at COP28.
As a veteran of the UN climate change process and having engaged on the topic on behalf of the most vulnerable developing countries and communities, I have some recommendations for the newly set up TC.
Read the full article published at Climate Home News Ltd.