The COP27 decision and future directions for loss and damage finance: Addressing vulnerability and non-economic loss and damage

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    Abstract

    This article discusses critical gaps in finance for loss and damage and analyses the decision on funding arrangements for loss and damage made at the Sharm el-Sheikh climate conference (COP27) in 2022. The article first considers the history of various loss and damage finance proposals, including the loss and damage negotiations in the lead-up to COP27. The article then considers in detail the agreed COP27 decision on loss and damage finance. The article concludes with a discussion of future directions in loss and damage finance. In particular, it discusses the importance of future loss and damage finance arrangements for addressing non-economic loss and damage and also offers analysis of the criteria associated with ‘particularly vulnerable’ developing countries.
    Original languageEnglish
    Pages (from-to)416-427
    JournalReview of European Community & International Environmental Law (RECIEL)
    Volume32
    Issue number3
    DOIs
    Publication statusPublished - 2023

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