Purpose of Review

Recent focus on loss and damage within the United Nations Framework Convention on Climate Change (UNFCCC) follows decades of demands by vulnerable countries for compensation for losses due to climate change. Reviewing recent literature on loss and damage finance, we consider how the new UNFCCC Loss and Damage Fund could be transformative for climate finance.

Recent Findings

This article reviews developments within the UNFCCC, including the creation of the new Loss and Damage Fund and changes in the broader field of climate finance. Recent literature indicates that the factors necessary for just loss and damage finance include inclusive governance, new and additional funds, purpose-made instruments and channels, direct access to funds, and burden sharing aligned with the polluter pays principle.

Summary

We overview the history of loss and damage finance, suggest five criteria that could make the Loss and Damage Fund just, and discuss four potential catalysts for just loss and damage finance: ecological and climatic impacts, institutional developments outside the UNFCCC, Global South leadership on debt justice, and legal developments. As the Loss and Damage Fund is operationalized and the need for loss and damage finance grows, scholars must continue to ask whether loss and damage finance furthers core tenets of climate justice, including forms of restitution.

中文翻译：

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损失和损害融资中的公平与正义：催化剂和障碍的叙述回顾

 审查目的

最近，联合国气候变化框架公约（UNFCCC）对损失和损害的关注是在脆弱国家几十年来要求赔偿气候变化造成的损失之后进行的。回顾最近有关损失和损害融资的文献，我们考虑了新的《联合国气候变化框架公约》损失和损害基金如何为气候融资带来变革。

 最近的发现

本文回顾了《联合国气候变化框架公约》的进展情况，包括新的损失和损害基金的设立以及更广泛的气候融资领域的变化。最近的文献表明，正义损失和损害融资的必要因素包括包容性治理、新的和额外的资金、专门的工具和渠道、直接获得资金以及符合污染者付费原则的负担分担。

 概括

我们回顾了损失和损害融资的历史，提出了使损失和损害基金公正的五个标准，并讨论了正义损失和损害融资的四个潜在催化剂：生态和气候影响、《联合国气候变化框架公约》之外的制度发展、全球南方在债务正义和法律发展。随着损失和损害基金的运作以及对损失和损害融资的需求的增长，学者们必须继续询问损失和损害融资是否促进了气候正义的核心原则，包括赔偿形式。