Loss & Damage Financing: Science, Policy and Practice Symposium
While there is no accepted definition of loss and damage within the UN Framework Convention on Climate Change (UNFCCC), the term can generally be understood as the negative impacts of climate change that occur despite, or in the absence of, climate mitigation and adaptation action. Developing countries, particularly small island developing states (SIDS), have been advocating for the setting up of a loss and damage finance mechanism since the adoption of the UNFCCC at the 1992 Earth Summit. The very idea of a loss and damage fund has been a source of contention from its inception because of the...
Source: princeton.edu
