×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 16 November, 2023

  • 4 Min Read

Loss and Damage Fund – Climate change DOHA

Recently, Adaptation and Loss and Damage (L&D) are in sharp focus due to intensification of climate crisis.

What is the difference between adaptation and L&D?

Adaptation

L&D

It refers to the actions taken to reduce the negative impacts of climate change

It refers to the financial support provided to the countries that suffer from the unavoidable and irreversible impacts of climate change.

It is a proactive response to cope with climate challenges

It is the irreversible consequences that cannot be avoided or mitigate.

It involves reducing emission to prevent future climate impacts

It involves investments in issues that will reduce the severity of impacts

What is the genesis of L&D fund?

Historic pollution has elevated the world’s average surface temperature by more than 1 degree Celsius.

  • Purpose- To provide financial and technical assistance to developing nations that suffer from L&D due to climate change.
  • COP 19- At the COP 19 to the United Nations Framework Convention on Climate Change (UNFCCC) in Warsaw, Poland, in 2013, member countries formally agreed to establish the L&D fund.
  • COP 25- Santiago network for L&D was set up, but countries didn’t commit any funds.
  • COP 26- Glasgow dialogue on finance for L&D was established to continue discussions over the next three years on the fund.
  • COP 27- In 2022, representatives of UNFCCC’s member states agreed to set up the L&D fund and Transitional Committee (TC) to figure out how new mechanisms under the funding mechanisms would operate.

What are the concerns with the L&D fund?

  • Hosting the fund- The interest of hosting the fund at World Bank is a major issue as the bank charges an exorbitant overhead fee which dilutes the intent of L&D fund.
  • Eligibility- The L&D fund is eligible to all developing nations as per Common But Differentiated Responsibilities (CBDR), which is a cause of concern for developed nations.

Common But Different Responsibilities (CBDR)

  • CBDR was formalized in international law at the 1992 United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro.
  • The principle balances both the need
    • for all States to take responsibility for global environmental problems
    • to recognize the wide differences in levels of economic development between States
  • Voluntary support- Developed nations like US have remained non-committal about being primary donors to the fund and have rejected references to CBDR, equity and liability in the draft.
  • Fund size- The indication of the size of the fund was quashed and the current draft simply urges developed nations to provide money.
  • Lack of will- The wealthy nations are not willing to fulfil the intended commitments which undermines faith in global climate negotiations and hampers the cooperative spirit to address climate change.

What are the consequences of delayed implementation of L&D fund?

  • Vulnerable communities- Delayed implementation of the fund will impact developing nations, as they suffer from climate change.
  • Humanitarian crisis- It will increase humanitarian crises, including food shortage, people displacement and conflict.
  • It forces communities to cope independently with the worsening climate and its consequences.
  • Economic impact- Absence of support will have economic impact for both developed and developing nations.
  • Financial crises and economic downturns in one region can have extensive outcomes due to interconnectedness of global economy.
  • Biodiversity loss- There will be limited capacity to address environmental degradation and the loss of vital ecosystems, which will further worsen the environmental crises, causing irreversible harm to the earth.
  • Security impact- Climate change induced instability will have security implications, as conflicts and tensions in vulnerable nations threaten to spill across borders.

Source:


Pradhan Mantri Suryodaya Yojana

Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an

Foreign Contribution Regulation Act (FCRA)- NGO 

The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description

Voice clone-AI

Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na

Science communication- how to promote

Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI

Universal Basic Income (UBI)- Analysis

Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co

Toppers

Search By Date

Newsletter Subscription
SMS Alerts

Important Links

UPSC GS Mains Crash Course - RAW Prelims Answer Key 2024