South Asia

The board of the 'Fund for responding to Loss and Damage' has diverging views on accessibility. We look at lessons from similar funds and options currently on the table.

Extreme heat and humidity led to the tragic deaths of over 1,300 Hajj pilgrims this year. For the Hajj to remain physically possible during summer months, the Saudi government needs to adopt effective adaptation measures and play its part in the global move away from fossil fuels.

Many vulnerable people in South Asia are already struggling to protect themselves from unbearably high temperatures – which are set to worsen.

To get climate action on track, 2024 needs to be the year we get moving on finance. We take a look at the current climate finance needs of South Asia and what to expect in the year ahead.

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.

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.