Thread by @LossandDamage

1/12. In his latest @dailystarnews op-ed @SaleemulHuq of @ICCCAD explores the "The who's and how's of allocating #LossAndDamage funds" as we look towards the long road to #COP28.

🔗Read it here: thedailystar.net/opinion/views/…

2/12. Key points include:

1⃣ That although #LossAndDamage costs run will into trillions of US $'s, in the short term focusing on getting a few tens of billions of US $'s a year to support the poorest and most vulnerable communities would be wise.

3/12. 2⃣ Funds to address #LossAndDamage don't necessarily need to come from governments they could come from countries imposing a tax on every fossil fuel company registered in their jurisdiction.

4/12. 3⃣We are likely to end up with a mosaic of funding channels for different activities to address #LossAndDamage, some under the @UNFCCC and some outside it.

5/12. 4⃣ In the @UNFCCC negotiations there will need to be some give and take, in good faith, amongst the developing countries themselves as to which countries should be eligible to receive #LossAndDamage funds.

6/12. 5⃣ Deciding on who receives #LossAndDamage funds at the community level is the most urgent question, with some communities needing support likely belonging to middle-income countries.

7/12. This is critically important for existing #LossAndDamage funds such as the #GlobalShield and the @V20Group Fund of the @TheCVF because the test will be to see how quickly they are able to respond to the needs of communities already impacted by the #ClimateCrisis.

8/12. 6⃣ To quickly make money available to address #LossAndDamage a more proactive approach is needed, including taking the funds to the the victims of the #ClimateCrisis instead of waiting for applications.

9/12. 7⃣ We will likely end up with a mosaic of actors coordinating #LossAndDamage actions, some under the @UNFCCC, others outside but there needs to be someone to coordinate this.

10/12. @SaleemulHuq recommends that the Secretary-General of the @UN, @antonioguterres, appoints a Special Envoy for #LossAndDamage to coordinate between the @UNFCCC, @UNOCHA, and each individual country and stakeholder.

11/12. 8⃣ With every bit of #LossAndDamage that is occurring, whether in poorer or richer countries, the people who are paying for the things that are lost and damaged are the victims themselves.

12/12. Read the full article here: thedailystar.net/opinion/views/…

Find out more about @SaleemulHuq and @ICCCAD here: icccad.net/about-the-cent…

Learn more about #LossAndDamage here: lossanddamagecollaboration.org/whatislossandd…