Key Takeaways
• On the Main Principles, the principles enshrined in the Paris Agreement remain fundamental in addressing the challenge of Loss and Damage – that of equity and common but differentiated responsibilities and respective capabilities (CBDR-RC).
• On the Programme Priorities, the Fund should be backed by science. The IPCC reports are a good first basis, as well as scientific reports by domestic research agencies. However, there also remains a space for traditional ecological knowledge.
• On the Governance Arrangements, the Fund, however it will look like, should be a standalone Fund, which is independent and distinct from any existing funding mechanisms.
• On the Eligibility and Access, the Fund should be easily accessible by all developing countries, and more particularly the indigenous peoples and local communities (IPLC) in these countries.
• On the Sources of Funding, the Fund should be open to innovative financing, like taxes and private investment, which should be carefully examined to avoid negative consequences such as increasing the debt-burden of developing countries.
Southeast Asian Perspectives on the Operationalization of the Loss & Damage Fund