Last year, the 27th Conference of the Parties (COP27) for climate change agreed to establish a loss and damage (L&D) finance facility to support the recovery from loss and damage caused by the increasing impacts of climate change. The decision to establish an L&D fund can be regarded as just a political win; it is not a climate win yet. …

The idea of support for vulnerable countries that experience loss and damage (L&D) from climate change is nothing new, and countries have been proposing such an arrangement from the beginning of the UN Framework Convention on Climate Change (UNFCCC) negotiations. Pressure to institutionalize a UNFCCC mechanism on L&D has increased in response to the shortcomings of mitigation policy and the …