La Ruta del Clima

With the climate crisis upending the lives of frontline communities, the need to address loss and damage in a substantive manner and create a financial mechanism for it becomes increasingly urgent. 

 As we move forward with the further operationalization of the Santiago Network for Loss and Damage (SNLD) and continue to push for a standalone finance facility, it is critical to develop a robust monitoring and evaluation (M&E) framework tailored specifically to loss and damage and rooted in principles of human rights and climate justice. 

An M&E reporting system must build on the lessons learned from mitigation and adaptation finance. Markers for analyzing loss and damage should be based on Oxfam’s principles for loss and damage finance2 and take into account both economic and non-economic losses.