From March 13th to 15th, we will convene in Rio de Janeiro, Brazil, to explore innovative approaches to addressing the loss and damage caused by climate-triggered fires.

 

COP28 UAE began with the adoption of the Loss & Damage (L&D) Fund. In order for its implementation to be effective, funds need to be mobilized in a manner that respond to the economic and non- economic consequences of the actual impacts of climate change with justice and speed.

This represents a unique opportunity to do something different, innovative and just. The challenge is also great, as it is not an easy task to clearly and quickly distinguish those disasters that can be attributed to climate change, to deploy resources swiftly to address emergency situations or even to measure losses and damages that are non-economic.

To contribute to this process, BASE – a collaborative initiative coordinated by Fundación Avina – has begun the design of a grantmaking scheme for L&D generated by fires triggered by climate change in tropical forests in the Global South. BASE’s main goal is to generate evidence and tools, through the implementation of a diverse range of grantmaking schemes, on how the development of the climate rationale of projects can be simplified and serve as a proof-of-concept of alternative, community-led approaches to labelling this type of finance as ‘climate finance’.

With the support from CLUA, and together with a working group and an advisory group, BASE will work during the first semester of 2024 on the development of guidelines on how to finance L&D with a focus on emergency, justice and climate rationality, to then implement this grant scheme. The lessons that come from the implementation of this track will generate evidence to provide concrete inputs to different funds (including multilateral, bilateral, private and philanthropy) and especially to the Governing Body of the L&D Fund, on how to develop a simpler and streamlined climate rationale to projects that need resources to address L&D, while at the same time developing local communities’ capacities to access these resources.

Here you will find the biographies of the members of the working group.