Investor Presentaiton
2.6 Establishing the Mechanism for Loss and Damage
ā At COP19 in 2013, the Warsaw International Mechanism for Loss and Damage
associated with Climate Change Impacts was established with an objective to address loss
and damage associated with the climate change effect for developing countries.
The demand for loss and damages has been a long-standing issue for developing
countries that has been resisted by the developed countries.
ā Furthermore, Article 8 of the Paris agreement reaffirmed the loss and damage
mechanism which has been the main vehicle under UNFCCC process for addressing the
issue.
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ICCCAD
International Centre for
Climate Change and
Development
Bangladesh's Expectation from COP26
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