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Loss and Damage

Reports

Discussion Brief: Climate Change and Sovereign Debt

report

SLYCAN Trust

The intersection of escalating debt burdens and intensifying climate change impacts creates significant challenges, particularly for developing countries of the Global South which have to service existing debt obligations while addressing urgent climate-related issues, which constrains fiscal space and impedes resilience-building efforts. Finding solutions to these challenges will be pivotal to achieving sustainable development, effectively adapting to climate change, and addressing climate-induced loss and damage (L&D). Within this context, SLYCAN Trust actively engages with key stakeholders to scale up research and build capacities surrounding debt sustainability and climate policy processes. This includes the hosting of a fully hybrid workshop on February 7th, 2024, in London. The event was attended by a diverse array of participants from more than twenty countries, including UNFCCC negotiators and government representatives, academia and think tanks, the private sector, civil society organisations, lawyers, and philanthropic organisations. This discussion brief summarizes the main areas of discussion as well as key inputs and takeaways from this event and will feed into the larger knowledge outputs of SLYCAN Trust's work programme on climate change, sovereign debt, and the global financial system.

Research & Technical Papers

Briefing Note: Human Mobility in National Adaptation Plans (updated version)

research-and-technical-papers

SLYCAN Trust

Human mobility increasingly takes place in the context of climate change. Accordingly, climate action and policy processes need to incorporate human mobility and acknowledge the different ways in which it can become relevant: as an adaptation strategy, as an obstacle to long-term resilience, as maladaptation, or as a form of climate-induced loss and damage (L&D).

Policy Brief

Scoping Paper: Understanding the Intersection of Sovereign Debt, Climate Finance, and Loss and Damage

policy

SLYCAN Trust

Sovereign debt is a fundamental financial aspect for governments and a readily used tool to facilitate development processes. As countries grapple with the challenges of climate change, the reliance on external debt to fund climate initiatives increases. However, this can become a double-edged sword when unsustainable debt levels hinder investments in climate resilience.

Case Study

Case Study Brief: Climate-Induced Loss and Damage and Cultural Loss in Maldives

case

SLYCAN Trust

The impacts of climate change, in particular slow-onset events such as sea level rise and ocean acidification, cause mounting economic and non-economic losses and damages to Maldives, even at the current level of warming. Sea level rise connected to climate change has caused land loss due to coastal erosion and inundation in islands across Maldives, making it one of the most severe climate impacts the country continues to face. All inhabited islands in Maldives are reporting coastal erosion. Homes and critical infrastructure are near the coastline due to the small size of the islands, exposing them to erosion and other coastal hazards.

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