Operationalising finance for loss and damage: examples from Africa and the Caribbean
This IIED COP27 side event charted pathways for delivering financial support to victims of loss and damage. In two discussion panels, participants discussed research on potential sources, modalities and structures for loss and damage finance, with insights on local needs and action from Africa and the Caribbean.
Across the global South, vulnerable people are being pushed beyond the limits to adaptation. Climate change loss and damage is a complex and multidimensional phenomenon that requires varied financial instruments to tackle such complexity.
Climate finance and loss and damage are key areas of focus during the 27th Conference of the Parties (COP27) of the United Nations Framework Convention on Climate Change (UNFCCC). This side event, on Thursday, 10 November, co-organised by IIED and partners, discussed examples of innovative finance sources and structures along with stories from the frontline of climate change in Africa and the Caribbean.
Structured in two discussion panels, we explored lived experiences of loss and damage and the challenges to find finance, as well as ways forward from the perspective of practitioners.
This side event took place in person in the Blue Zone of COP27 in Sharm-el-Sheikh, Egypt.
A recording of the event is available below or on UN Climate Change's YouTube channel.
About the speakers
- Emily Wilkinson is a senior research fellow in the Ocerseas Development Institute (ODI) global risks and resilience programme
- Inès Bakhtaoui is a research associate at the Stockholm Environment Institute (SEI), Oxford
- Francine Baron is a Dominican politician and attorney, and the former Minister of Foreign and Caribbean Community Affairs
- Lisa Banda is a climate justice advocate and programme officer in the Civil Society Network on Climate Change in Malawi
- Maite Rodriguez is founder and director of Foundation Guatemala
- Jevanic Henry is a youth activist and supports the project management and technical delivery of the Commonwealth's climate change programme to its 56 member countries
- Anne Callaghan is co-chair of the Stop Climate Chaos International committee (SCCS)
- Zoha Shawoo is an associate scientist at SEI US, working in the equitable transitions programme.
- Ritu Bharadwaj is a principal researcher in IIED's Climate Change research group
- Michai Robertson is negotiator and policy officer for Antigua and Barbuda department of Environment, and advisor for climate, oceans and legal at the Alliance of Small Island States (AOSIS)
- Oluwole Oshota is the president of the International Youth and Student Movement for the United Nations (ISMUN)