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 aims to “respond” to loss and damage, and the decision also includes a mandate for an approach to “address” loss and damage.
To achieve the operationalization of the Loss and Damage Fund, a Transition Committee (TC) was tasked with generating recommendations. A recommendation was agreed upon at the fifth meeting of the TC. A clarified text proposal was issued by the World Bank to the LDF and this decision would be adopted by the parties at COP28. This document analyzes the text of the decision and the government instrument proposed by TC5.