This report from the Finance Working Group of the independent Global Stocktake, co-chaired by ODI, explores loss and damage finance and its place in the Global Stocktake. It outlines the practical challenges faced by national stakeholders and international climate finance providers in progressing the financing of loss and damage and in monitoring and tracking such finance. It also highlights the opportunity that the first Global Stocktake of the Paris Agreement in 2023 presents for progressing loss and damage finance challenges.

Ultimately, this paper intends to support a learning-by-doing approach to overcoming the practical challenges of international support for loss and damage, articulating the role for both government and non-governmental stakeholders in moving forward the debate.

Raju Pandit Chhetri, Laura Schäfer and Charlene Watson