Comment

Last week in Istanbul, climate scientists and governments met in the sixtieth session of the Intergovernmental Panel on Climate Change (IPCC) to agree a plan for its seventh, and potentially most consequential report cycle. The outcome means the IPCC will most probably take a more streamlined approach to its seventh cycle.

An agreement was reached to establish the World Bank as the interim host of the Loss and Damage Fund. Developing countries signed up to this on certain conditions. We unpack the safeguards put in place and look at the three points at which the Fund could exit the World Bank.

There are currently two options on the table for the loss and damage fund’s structure – ‘programmatic’ and ‘responsive’. We reflect on the pros and cons of each.

Key takeaways from the Transitional Committee’s second meeting on operationalising the new loss and damage fund and funding arrangements.

The Transitional Committee held its first workshop on how to set up the new loss and damage fund — here’s our take on the key funding gaps and solutions that emerged at the meeting.