An international mechanism to address loss and damage is hereby defined under this agreement/protocol and shall be bound by the principles and provisions of the Convention, in particular common but differentiated responsibilities and respective capabilities. The purpose of the mechanism shall be to promote and support the development and implementation of approaches to address loss and damage associated with the adverse effects of climate change, inter alia, extreme events and slow onset events, in developing countries that are particularly vulnerable to the adverse effects of climate change. The international mechanism on loss and damage shall draw upon, further develop and elaborate on the work of the Warsaw International Mechanism on Loss and Damage pursuant to relevant COP decisions, including the development of modalities and procedures for the mechanism’s operation and support. It can involve, as appropriate, existing bodies and expert groups under the Convention, as well as relevant organizations and expert bodies outside the Convention, and be informed by relevant precedents in international law.
In the Paris agreement, President Tommy Remengesau, Palau, called for inter alia: a regular review process that drives ambition; robust transparency rules; and a permanent loss and damage mechanism.
Calling for resolute action, President Ameenah Gurib-Fakim, Mauritius, said the Paris agreement should, inter alia: respect and maintain the principles of equity and CBDR; and treat adaptation and loss and damage as separate components of the agreement, anchoring loss and damage in it as a permanent mechanism.
Prime Minister Enele Sosene Sopoaga, Tuvalu, called for a permanent mechanism for loss and damage to be anchored in the “treaty” and easy access to predictable finance.