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Climate finance: how can the new Loss and Damage fund be an effective tool to support Indigenous climate solutions?

  • Blue Zone, Zone B7, Building 88, 2nd Floor (map)

Organisation

Cultural Survival and AIDESEP

Description

Last year at COP27 we saw the establishment of the new Loss and Damage Fund. While this is one of the most consequential climate decisions since the Paris Agreement, we are yet to see whether this new financial mechanism will actually reach Indigenous communities on the frontlines of climate change impacts. Current experience tells us that very little of the money committed to fighting climate change has reached Indigenous Peoples, and local communities. A recent progress report says that only 7% of funds from the $1.7 billion pledge made in Glasgow have gone directly to Indigenous Peoples, and local communities. As the Transitional Committee established to provide recommendations is drafting proposals for the management of this new fund for consideration and adoption at COP28, it is necessary to reflect on what a successful Loss and Damage Fund looks like for Indigenous Peoples. Increased direct funding via Indigenous-led or Indigenous-governed mechanisms and organizations is crucial to support Indigenous climate solutions and make climate financing efforts effective. Just as important we will discuss how Indigenous-led and Indigenous-governed funds are different from other funds and can support Indigenous-led climate solutions better.

Speakers

Devkumar Sunuwar (Koits-Sunuwar) - Community Media Program Coordinator, Cultural Survival; Board of trustees, UN Voluntary Fund for Indigenous Peoples - moderator

Galina Angarova (Buryat) - Executive Director, Cultural Survival

Helen Magata (Kadaklan) - Communications Officer, Tebtebba Foundation; Indigenous Peoples Coordinator, Green Climate Fund

Elaine Shajian (Awajun) - President of the Regional Coordinator of Indigenous Peoples of San Lorenzo (CORPI-SL)

Jorge Perez Rubio (Murui-Muinane) - President of AIDESEP

Language

SP - EN

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