Financing loss and damage: the realization of distributive justice in the Paris agreement

Abstract

The acquisition of climate finance for loss and damage under the Paris Agreement is based on the principles of distributive justice, that being cooperation and facilitation as opposed to the traditional notion of liability and compensation. The main problem faced with this is the lack of certainty in finance acquisition to support loss and damage. Consequently, the Warsaw Mechanism for Loss and Damage (WIM) is unable to adequately administer funds to those adversely affected by climate change.