The compromise deal on #LossAndDamageFinance by #COP27 President has just dropped
unfccc.int/documents/6243…
New proposal by #COP27 president on #LossAndDamageFinance includes the establishment of a new fund "for assisting developing countries in responding to loss and damage"
Proposal would also establish "transitional committee" to figure out the details of the L&D Fund - by COP28 already
The work on the #LossAndDamageFinance fund would be informed by:
-2 workshops
-UNFCCC synthesis report
-Country submissions
Proposal also suggests next Glasgow Dialogue (in June 2023) to focus on #LossAndDamageFinance arrangements..
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