Financing Climate Justice : Assessing the Challenges of Implementation of ‘The Fund For Responding To Loss And Damage’ (FRLD) as Primary Mechanism for Climate Compensation
- 주제(키워드) The Fund for Responding to Loss and Damage
- 주제(DDC) 338.91
- 발행기관 아주대학교 국제대학원
- 지도교수 Iain Watson
- 발행년도 2025
- 학위수여년월 2025. 8
- 학위명 석사
- 학과 국제대학원 국제개발협력과
- 실제URI http://www.dcollection.net/handler/ajou/000000034815
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
This document seeks to explore the main challenges of implementing the ‘THE FUND FOR RESPONDING TO LOSS AND DAMAGE (FRLD)’ understood as a groundbreaking climate finance compensation mechanism aimed at addressing the irreversible consequences of climate change in developing countries and small island states. It differs from climate mitigation and adaptation mechanisms due to its historical context and particular objectives, being one of the main strategies for climate justice and for mitigating the impact of climate change on particularly vulnerable communities. Unlike traditional climate finance mechanisms focused on mitigation and adaptation, the FRLD is designed to provide compensation for economic and non-economic losses, making it a critical tool in the advancement of global climate justice. Based on this premise, and through a qualitative research process that includes document analysis, case studies, and expert interviews—featuring insights from international climate finance specialists—this study identifies several challenges in the FRLD’s implementation phase. Chief among them is the issue of financing, which is hindered not by a lack of financial resources, but by the reluctance of developed nations to establish binding legal precedents. This reluctance stems from concerns over potential legal liability and long-term financial obligations that could arise from formally recognizing their historical responsibility for the current climate crisis, particularly due to their high levels of greenhouse gas emissions. Through a historical analysis, the study emphasizes the importance of the FRLD’s establishment as a fundamental mechanism for loss and damage compensation. It marks a major milestone in climate action, highlighting the intersection of politics, morality, and ethics within international climate negotiations. The research also provides an economic perspective by comparing the required versus available funding to optimize the fund’s functionality. Finally, the study underscores the significance of establishing a legal precedent within climate negotiations regarding loss and damage compensation. Such a precedent could serve as a future legal and political basis for developing countries and vulnerable communities to demand greater flows of climate finance and assert their right to fair compensation.
more목차
CHAPTER 1 INTRODUCTION 1
1.1. Methodology 3
1.2. Research motivation 4
1.3. Research design and questions 4
1.4. Literature review 5
CHAPTER 2 – THE FUND FOR RESPONDING TO LOSS AND DAMAGE 11
2.1. The Alliance of Small Island States (AOSIS) Proposal 12
2.2. COP19 in Warsaw Poland 21
2.3. COP15 - Paris Agreement 22
2.4. COP26 in Glasgow 25
2.5. COP26 in Sharm El Sheikh 26
CHAPTER 3 - THE PRESENT OF THE FUND FOR RESPONDING TO LOSS AND DAMAGE 32
3.1. COP29 in Baku – The fund for responding to loss and damage fully operationalized 33
3.2. Baku Finance Goal – The New Collective Quantified Goal on climate finance (NCQG) 34
3.3. Fifth Board Meeting and the Barbados Implementation Modalities (BIM) 38
3.4. Pledges to the Fund for responding to loss and damage 41
3.5. US withdrawal from the Fund for Responding to Loss and Damage 49
CHAPTER 4 – DEVELOPMENT OF THE CASE OF STUDY 53
4.1. Why Financing matters; Current financing vs estimated needed financing 54
4.2. Legal precedents under the international climate law 57
CONCLUSIONS 71
BIBLIOGRAPHY 72
APPENDIX I 76
