Summary of Key Outcomes (COP25–COP29)
The evolution of "Loss and Damage" (L&D) through the last five Conferences of the Parties reflects a significant shift from technical dialogue to operational financial mechanisms:
COP25 (2019, Madrid/Santiago): Established the Santiago Network to provide technical assistance to vulnerable developing countries to help them address loss and damage.
COP26 (2021, Glasgow): Formalized the Glasgow Dialogue to discuss funding arrangements. While it increased the profile of L&D, it fell short of establishing a dedicated fund at that time.
COP27 (2022, Sharm el-Sheikh): Reached a historic agreement to establish a dedicated Loss and Damage Fund, a major win for climate-vulnerable nations after decades of advocacy.
COP28 (2023, Dubai): Successfully operationalized the fund and secured initial pledges totaling approximately $700 million. The World Bank was selected as the interim host.







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