The Loss and Damage Fund: How can Indonesia use it to boost climate adaptation efforts

Fish cultivators drying salted fish in Indramayu, West Java, Indonesia Author provided

Climate finance was at the centre of The United Nations Climate Change Conference (COP27) in Egypt last year. For many, the highlight was the agreement to establish a fund to assist developing countries in responding to loss and damage associated with the adverse effects of climate change.

The term “loss and damage” is still loosely defined, but in general it refers to the negative consequences or costs incurred from the ongoing effects of climate change.