26 March 2024

Six ways we can make Loss and Damage finance work for children

Climate change is already with us. The world is feeling its impacts every day, and none so more than the most vulnerable people in the world – children. The world’s most marginalized children are suffering displacement, malnutrition, the loss of education, the destruction of traditional ways of life and even death. Some of these destructive…, Put child rights at the heart of loss and damage finance, Child rights, as set out in the United Nations Convention on the Rights of the Child, should be at the core of all loss and damage financing decisions. All proposed loss and damage finance mechanisms, policies, budgets, and administrative decisions should also undergo child-rights impact assessments, to make sure that they have the best interest…, Meaningfully engage children in the funding process, Children should play an active role in the design, implementation, monitoring, and overall governance of the L&D Fund. They should be included as experts in their own right in discussions and decisions concerning action on loss and damage, because they are already suffering from its consequences. To enable their full and informed participation…, Consider children's specific needs and vulnerabilities, The policies and guidelines of loss and damage finance mechanisms should explicitly consider children’s capacities and intersecting vulnerabilities, such as child poverty and inequality. They should recognize that these are experienced differently by different groups of children. Children’s self-identified needs and priorities should also be…, Provide accessible funding for children and their families, Loss and damage funding should be made available locally and should address children’s context-specific climate vulnerabilities. Funding allocation guidance and criteria should be shared in local languages and through culturally appropriate channels to ensure that children and their organizations have direct access to funding. Organisations…, Maintain accountability and ensure children’s access to justice, Children and children’s organizations must have access to effective grievance mechanisms and remedies if the activities of the L&D Fund or of other loss and damage financing violate children’s rights. Remedies may include resources to support the education, health, protection, and social protection of children affected by loss and damage. Loss…, Rebuild and recover essential services for children, Significant sums of money for loss and damage should be directed at child-critical social services - including education, health, nutrition, child protection, social protection, and water, sanitation, and hygiene - to protect the most vulnerable children in high-risk locations and strengthen their resilience. Loss and damage finance should enable…