As a result, the concept of “loss and damage” has emerged as a critical third line of defence, culminating in the establishment of the Loss and Damage Fund. Loss and damage refer to the irreversible impacts of climate change that go beyond what can be managed through mitigation and adaptation. The fund recognizes the principle of climate justice, acknowledging that those who have contributed least to climate change often suffer the most. As the world grapples with the escalating impacts of climate change, the Loss and Damage Fund stands as a beacon of hope. In conclusion, while mitigation and adaptation remain vital components of the climate response, the Loss and Damage Fund represents an essential third line of defence.

Source: Daily News Egypt August 08, 2024 12:26 UTC