Opinion

Why the success of COP28 depends on the fund for loss and damage

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Published: October 19th, 2023,
Last updated: May 28th, 2025

By Laura Schäfer and Vera Künzel
Laura Schäfer (links), Vera Künzel
Laura Schäfer (left) and Vera Künzel, consultants at the environment and development organization Germanwatch.

The climate crisis continues to intensify worldwide: 2023 saw a series of temperature records in the atmosphere and oceans, as well as extreme ice loss in Antarctica. The series of unusual extreme weather events reached a sad peak in Libya – 11,000 people lost their lives and 43,000 their homes to heavy rainfall. Those hit particularly hard are the poorest and most vulnerable in developing countries – those who are least responsible for the climate crisis.

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UNFCCC Loss and Damage