Business and Finance
Source : (remove) : thenewhumanitarian
RSS • JSON • XML • CSV
Business and Finance
Source : (remove) : thenewhumanitarian
RSS • JSON • XML • CSV

The loss and damage fund should open for business in 2025. Will it be fit for purpose?

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. business-in-2025-will-it-be-fit-for-purpose.html
  Print publication without navigation Published in Business and Finance on by thenewhumanitarian
  • 🞛 This publication is a summary or evaluation of another publication
  • 🞛 This publication contains editorial commentary or bias from the source
  • 🞛 This publication contains potentially derogatory content such as foul language or violent themes
The article from The New Humanitarian discusses the establishment of the Loss and Damage Fund, which was agreed upon at the COP27 climate summit in 2022 to aid countries most vulnerable to climate change impacts. Despite the urgency, the fund's operationalization has been slow, with ongoing debates about its structure, funding sources, and governance. Key points include the need for the fund to be accessible, adequately financed, and capable of delivering direct aid to affected communities. There are concerns about whether the fund will be fit for purpose by its intended start date in 2025, given the complexities in defining what constitutes "loss and damage," the eligibility criteria for aid, and the potential for bureaucratic delays. The article highlights the importance of ensuring that the fund does not just become another bureaucratic entity but a responsive mechanism that can effectively support those on the front lines of climate change.

Read the Full thenewhumanitarian Article at:
[ https://www.thenewhumanitarian.org/analysis/2024/12/10/loss-and-damage-fund-should-open-business-2025-will-it-be-fit-purpose ]