Loss and Damage Fund

As the climate crisis worsens, frontline communities have a right to reparations and remedy. 

The creation of the Loss and Damage Fund at COP27 was a historic win for frontline communities impacted by prolonged climate inaction. Designed to provide financial assistance to developing nations, including those in the Global South and their communities, which are most affected by the climate crisis, the Fund holds the promise of delivering true justice — but only if it’s implemented effectively. 

Drawing on decades of experience advocating for financial institutions to promote human rights and deliver meaningful remedy for harms to which they contribute, CIEL is working to ensure the Fund delivers justice — including through access to information, effective participation, and remedy policies that uphold human rights. 

We are demanding explicit endorsement of the principles of inclusion, non-discrimination, transparency, access to information, empowerment, collaboration, and accountability. Our advocacy aims to enable effective participation at all stages — from designing the policies and assessing community-level needs to implementation and decision-making. 

Our efforts aim to support the Fund to live up to its potential and deliver much-needed finance directly to the communities most impacted by the climate crisis.