International finance for loss and damage associated with climate change impact

It is relevant to understand the undergoing discussions on the arrangements for the funding of activities to avert, minimize and address loss and damage associated to the climate change impacts. The EU and member states have been active in dialogue and are recognised as important players. Enhanced understanding on Loss & Damage financing instruments, will allow the EU to continue to constructively engage in discussions on next steps of the Glasgow Climate Dialogue and to contribute to the objectives of the Santiago Network.

The objective of this study is to identify an international financial architecture that can channel support to avert, minimise and address loss and damage associated with the adverse impacts of climate change within the scope as defined by the Article 8.4 of the Paris Agreement listing key areas for cooperation.

To this end, Metroeconomica will carry out the following tasks: (i) developing the analytical framework and methodology of the study, (ii) mapping existing institutional arrangements and financial flows; (iii) identifying and assessing gaps and potential instruments, and (iv) elaborating a final report that provides timely and comprehensive input into the ongoing UNFCCC negotiations.