The Paris Agreement’s target of limiting global temperature rise to 1.5 degrees is largely dependent on Carbon Dioxide Removal (CDR) approaches and climate finance institutions are already supporting such afforestation schemes. The report describes existing trends in the field of large-scale biosequestration and examines the social and ecological impacts of such projects.
In 2013 countries agreed to establish the Warsaw International Mechanism for Loss and Damage (WIM), but almost no work has been done on how to fund loss and damage. This discussion paper, while not presenting the final word on a range of issues related to international loss and damage financing, has nevertheless outlined some concrete steps forward over the next two years.
