Loss and Damage Fund—Operationalized at COP28 but Funding and Allocation Process Unresolved

Abstract

The 28th meeting of the Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) was hosted by the United Arab Emirates. While there were many competing priorities on the COP28 agenda, climate finance was “front and center.”1 Dr. Sultan Ahmed Al Jaber, President‐Designate for COP28, in a pre‐COP letter, stated the need to “radically scale up climate financing” by “delivering on old promises” and “setting the framework” for new finance.2