🧵 #COP27 |
With growing demand for #LossAndDamage finance, SEI’s @BakhtaouiInes & @ZShawoo identify 6 principles to underpin #finance, and suggest that modalities should centre the needs & priorities of vulnerable communities.
Read the new report: sei.org/publications/f…
With growing demand for #LossAndDamage finance, SEI’s @BakhtaouiInes & @ZShawoo identify 6 principles to underpin #finance, and suggest that modalities should centre the needs & priorities of vulnerable communities.
Read the new report: sei.org/publications/f…
4 gaps in the existing architecture suggest the need for a new #finance mechanism:
- Resources fall far short of needs
- Inadequate institutional arrangements
- Lack of instruments to address slow-onset impacts
- Lack of financing for non-economic #LossAndDamage
(1/9)
- Resources fall far short of needs
- Inadequate institutional arrangements
- Lack of instruments to address slow-onset impacts
- Lack of financing for non-economic #LossAndDamage
(1/9)
#LossAndDamage finance should empower vulnerable groups & put them at the centre of decision-making. Here is how the 6 principles can be operationalised:
(3/9)
(3/9)
Key message 1:
Negotiations on #LossAndDamage finance at #COP27 should prioritise simplified & enhanced direct access procedures that deliver funding directly to communities & marginalised groups.
(4/9)
Negotiations on #LossAndDamage finance at #COP27 should prioritise simplified & enhanced direct access procedures that deliver funding directly to communities & marginalised groups.
(4/9)
Key message 2:
#LossAndDamage financing must take a people-based approach, which centres the needs of vulnerable and marginalised communities.
Options include:
- devolution in decision-making structures
- integration of representatives on decision boards at all levels
(5/9)
#LossAndDamage financing must take a people-based approach, which centres the needs of vulnerable and marginalised communities.
Options include:
- devolution in decision-making structures
- integration of representatives on decision boards at all levels
(5/9)
Key message 3:
Grants-based & programmatic #finance targeting local level, as opposed to loan-based & project-based, is likely to be most effective & equitable for reaching those most in need.
Funders should prioritise small grants & unconditional cash transfers.
(6/9)
Grants-based & programmatic #finance targeting local level, as opposed to loan-based & project-based, is likely to be most effective & equitable for reaching those most in need.
Funders should prioritise small grants & unconditional cash transfers.
(6/9)
Key message 4:
Funders & policymakers should embed independent & #participatory approaches to the monitoring & evaluation in the structures of recipient countries, and create accountability mechanisms that empower recipient communities.
(7/9)
Funders & policymakers should embed independent & #participatory approaches to the monitoring & evaluation in the structures of recipient countries, and create accountability mechanisms that empower recipient communities.
(7/9)
Key message 5:
A #COP27 decision could include a phased approach of establishing a #LossAndDamage facility in the medium term; while mobilising #finance through existing mechanisms in the immediate term, e.g. bilateral agreement & small-scale pilot programmes.
(8/9)
A #COP27 decision could include a phased approach of establishing a #LossAndDamage facility in the medium term; while mobilising #finance through existing mechanisms in the immediate term, e.g. bilateral agreement & small-scale pilot programmes.
(8/9)
Thanks for the contribution of all authors to the report: @BakhtaouiInes @ZShawoo @SaleemulHuq @ICCCAD @liane_boell @boell_stiftung @lauram_schaefer @Germanwatch @emilycwilkinson @ODI_Global @adelle_SIDS @CA_Latest
(9/9)
(9/9)
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