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This report was prepared with financial support from the German Federal Ministry of Economic Cooperation and Development (BMZ). We are grateful to the written comments and suggestions provided by Olivia Serdeczny (Climate Analytics) and Andrea Iro (GCF Secretariat). This report benefitted from the input by Raju Chhetri (PRC), Zoha Shawoo (SEI) and others during discussions with the Working Group on Financing Loss and Damage on 13 May 2020. It further benefitted from the input by Mariya Aleksandrova (DIE), Jean-Paul Brice Affana (Germanwatch), Rebecca Carter (WRI), Stephane Hallegatte (World Bank), Tessa Kelly (IFRC), Sönke Kreft (MCII), Erling Kverevik (Directorate for Civil Protection, Norway), Donna Mitzi Lagdameo (IFRC), Nicolina Lamhauge (OECD), Reinhard Mechler (IIASA), Jelena Milos (EU Commission), Le-Anne Roper (Ministry of Economic Growth and Job Creation, Jamaica), Sarah Zügel (Federal Ministry for Environment, Nature Conservation and Nuclear Safety), Christoph von Stechow (BMZ) and Sebastian Forsch (BMZ) during discussions at an Expert Roundtable on 24 June 2020. 1 Introduction 2 Background: loss and damage in the UNFCCC negotiations 3 Background: research on loss and damage 3.1. Conceptualisation and framing of Loss & Damage 3.2. The Costs of Loss & Damage 3.3. Financing Loss & Damage 4 Loss and Damage and the GCF 4.1. Framework conditions to finance action on loss and damage under the GCF Governing Instrument Strategic Plan Results Management Framework Investment Criteria 4.2. Current funding for action on loss and damage under the GCF Occurrence of L&D-related terminology WIM ExCom’s workstreams and the GCF portfolio 5 Discussion and Conclusion 5.1. Range of policy options 5.2. Recommendations References Annex 1: The Warsaw International Mechanism for Loss and Damage Annex 2: An Overview of Investment Support Instruments Relevant for L&D Annex 3. Extent to which the GCF investment criteria’s indicative assessment factors are relevant for the WIM ExCom Workstreams Annex 4. Methods used for section 4.2 |
