Unprecedented climate change impacts are increasingly causing loss and damage on all continents and in all regions. Yet, support to vulnerable countries remains minimal. This discussion paper offers options for a contributor base for loss and damage finance, considering different cases consistent with the Paris Agreement. It then calculates fair shares for countries in providing finance to support developing countries’ efforts in addressing loss and damage, based on the principles of common but differentiated responsibilities and respective capabilities.
This discussion paper’s findings are also highly relevant to the international debate around climate finance in general, particularly the New Collective Quantified Goal on Climate Finance (NCQG).
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