Loss & Damage Finance

Climate migration is the movement of people from one area to another due to impacts related to environmental change and climate change such as drought, and storms. Climate migrants are individuals who are forced to leave their usual homes or choose to do so, either temporarily or permanently, and who move either within their country or abroad, typically due to environmental factors that adversely affect their lives or living conditions. Currently, there are no laws in place that protect them as they are not even legally recognized. They have no legal recourse when disaster strikes. You can follow Gabriela on her Twitter @gabrielanagle

The Loss and Damage Youth Coalition (LDYC), have put forward a demand for loss and damage financing. We want to ensure that the crucial climate crisis, loss, and damage will be addressed at COP27 through the adoption of long-term decisions for concrete, concerted efforts. Visit our website https://ldyouth.org/

Episode 2- Shraddha takes us on a journey to understanding climate finance, loss and damage and how it can be achieved. Guest's Bio Shraddha Nair is a professional energy strategist and policy consultant with over 4 years of work experience in creating growth strategies, managing projects and clients internationally, and working on project appraisals in the energy market, economic and financial modelling, and energy politics and environmental impact assessments. She is adept in the field of finance and economics, business strategy, global energy and climate policies and sustainability. She is also an active member of the Climate Finance & NDC working groups within YOUNGO and head of policy at Young Women in Sustainable Development. She aids start-ups across the globe to march into a new sustainable world focusing on just transition.

Our greatest existential threat is the current state of the environment. Every year, extreme weather events, such as heatwaves, floods, wildfires, and storms, become more common and severe. Some of the most vulnerable people in the world bear the burden of the expense of destruction to homes and communities as well as the immeasurable cost to life, culture, and connection to the land. Loss and Damage still lack a separate dedicated stream of climate funding despite having its own article in the Paris Agreement and its own mechanism in the UNFCCC. We, a group of young people from the global South and North, think this is unjust, and we are protesting it. On loss and destruction brought on by the climate, LDYC demands action. Right now, we demand loss and damage financing! In 2022 we create the official website for “Loss and Damage Finance Now!”  https://lossanddamagefinancenow.org/news/  to highlight actions taken by individuals and organizations on loss and damage finance.