Money is exchanged in Bali, Indonesia. To fill the Loss and Damage Fund operationalized at COP 28 with the hundreds of billions neede each year by developing countries a Loss and Damage sub-goal must be created under the New Collective Quantified Goal on climate finance at COP 29. Image credit: Exchanging money, by Bindalfrodo via FlickR. Licenced under a CC BY-SA 2.0 DEED licence.
The following submission from the Loss and Damage Collaboration (L&DC) is intended to offer perspectives on the upcoming ninth Technical Expert Dialogue (TED) and the first meeting under the ad-hoc work programme of the New Collective Quantified Goal on climate finance. With a focus ensuring that a Loss and Damage sub-goal is created under the NCQG at COP 29, the submission provides perspectives on the what discussion points must be covered at TED 9 including the disaggregation of mitigation, adaptation, and Loss and Damage; quantum assessment; and developing countries’ needs and priorities. The submission also offers perspectives on format for discussions at TED 9 highlighting the need to work towards the creation of draft text, and the need to undertake at least one written public consultation on the NCQG in 2024 on how best to incorporate Loss and Damage in the NCQG.