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    Footing the Bill: Fair finance for loss and damage in an era of escalating climate impacts

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    Titre
    L’heure des comptes : Pour un financement équitable des pertes et dommages dans un contexte d’escalade des impacts climatiques
    Author(s)
    Carty, Tracy
    Walsh, Lyndsay
    Publication date
    2022-06-07
    Subject
    Aid
    Climate change
    Humanitarian
    Inequality
    Keywords
    Climate crisis
    Climate finance
    Climate justice
    Loss and damage
    
    Metadata
    Show full item record
    Publisher(s)
    Oxfam
    Document type
    Briefing paper
    Description

    The world has entered a new and dangerous era of climate change impacts, causing huge loss and damage and driving up inequality in the world’s poorest countries and communities that have contributed least to the climate crisis. New research by Oxfam estimates that funding requirements for UN humanitarian appeals linked to extreme weather are eight times higher than they were 20 years ago, and over the past five years nearly half of appeal requirements have gone unmet. Funding for emergency humanitarian response is piecemeal and painfully inadequate, as is broader support to address loss and damage such as rebuilding homes and vital infrastructure.

    Scaled-up financial support from governments, corporations and individuals most responsible for causing the climate crisis, and most able to pay, is an immediate necessity. A new finance facility must be created to help ensure that finance to address loss and damage is accessible and sustained, is additional to adaptation, mitigation and ODA commitments, and is delivered in accordance with the principles of climate justice.

    Pages
    36
    DOI
    10.21201/2022.8977
    ISBN
    978-1-78748-897-7
    URI
    http://hdl.handle.net/10546/621382
    Additional Links
    http://policy-practice.oxfam.org.uk/publications/footing-the-bill-fair-finance-for-loss-and-damage-in-an-era-of-escalating-clima-621382
    ae974a485f413a2113503eed53cd6c53
    10.21201/2022.8977
    Scopus Count
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