A closer look into the TC5 Recommendations
A Loss and Damage Fund (LDF) responds to a structural demand for justice. At COP27, the LDF was created by Decisions 2/CP.27 and 2/CMA.4. The LDF has the objetive to respond to loss and damage and a mandate that includes a focus on addressing loss and damage.
To accomplish the operationalization of the Loss and Damage Fund a Transitional Committee (TC) was tasked with generating recommendations. In the fifth meeting of the TC, a recommendation was agreed. A proposal where the World Bank would anchor the LDF was issued to be taken by parties at COP28