A policy framework for Loss and Damage finance

A comprehensive risk finance framework supports the identification of international funding options for reducing climate-related risk and addressing residual impacts beyond adaptation in vulnerable countries.

Building on the tried-and-tested risk layering approach, the framework can be applied at different scales. It offers an entry point for a comprehensive approach that informs international negotiations on Loss and Damage and adaptation to climate change, as well as country-level policymaking. Decision makers need to step-up their game to set up an effective finance approach for increasingly existential climate-related risks.