OPINION
'Loss and Damage' reparations still hang in balance at COP28
Flooding relief efforts in Pakistan. "'Loss and Damage' isn't aid. When money is given as aid, all the power rests with the donor. It is an unequal relationship" (Photo: DFID - UK Department for International Development)
Earlier this month in Abu Dhabi, a groundbreaking blueprint for the long-awaited 'loss and damage' fund was agreed upon after a hard-fought battle by the G77 and COP28 presidency.
The decision — which will be formally adopted at the COP28 summit next week — rests on the World Bank acting as the administrator, or middleman, that would control negotiations and timelines around the distribution of any funds to those on the frontline of climate change, the Global South.
Although a major breakthrough for those who have waited years for climate reparations, there is still work to be done — especially when it comes to guaranteeing the Global North's participation in financing Loss and Damage, and ensuring the Global South has representation and oversight on the Bank's board.
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