Source · Select Committees · International Development Committee
Recommendation 12
12
Accepted in Part
Paragraph: 43
Advocate on Loss and Damage Fund board for grant-based disbursements
Recommendation
Now that the agreement is in place, the UK Government should use its seat on the Loss and Damage Fund board to advocate that the Fund disburses its funding in the form of grants.
Government Response Summary
The government will use its seat on the Loss and Damage Fund Board to push for minimum allocations for vulnerable countries and explore innovative financing, and recognizes the need for highly concessional finance.
Paragraph Reference:
43
Government Response
Accepted in Part
HM Government
Accepted in Part
Partly Agree 17. The UK was one of the first countries to pledge support to help to establish the new Fund for responding to Loss and Damage. Through our seat on the Fund’s Board, the UK will push for minimum allocations for the poorest and most vulnerable countries and communities, particularly for SIDS and Least Developed Countries (LDCs) to ensure that they receive the support that they urgently need. UK representatives will push for ambitious financing for the Fund including by diversifying the funding base and exploring new and innovative sources of financing. The UK also recognises the need for highly concessional finance for interventions to address Loss and Damage.