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Vulnerability-based allocations in loss and damage finance

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  • Stacy-ann Robinson

    (Colby College)

  • J. Timmons Roberts

    (Brown University)

  • Romain Weikmans

    (Finnish Institute of International Affairs
    Université Libre de Bruxelles)

  • Danielle Falzon

    (Rutgers University)

Abstract

The recent creation of a loss and damage fund under the United Nations Framework Convention on Climate Change was heralded as a major breakthrough for Global South negotiators. As details of the fund are currently being negotiated, some analysts are calling for ‘objective’ means through which funding would be allocated to ‘particularly vulnerable’ developing countries. On the basis of a review of past debates relating to the identification of priority beneficiaries of international adaptation finance, we caution that such an approach is likely to bring division and delay. Quantitative vulnerability indicators remain conceptually fraught and methodologically complex. Furthermore, the adoption of vulnerability indicators will not fully depoliticize allocation decisions, given the power dynamics between and among contributor and beneficiary countries.

Suggested Citation

  • Stacy-ann Robinson & J. Timmons Roberts & Romain Weikmans & Danielle Falzon, 2023. "Vulnerability-based allocations in loss and damage finance," Nature Climate Change, Nature, vol. 13(10), pages 1055-1062, October.
    • Handle: RePEc:nat:natcli:v:13:y:2023:i:10:d:10.1038_s41558-023-01809-y
    DOI: 10.1038/s41558-023-01809-y
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