The global stocktake seeks to enhance climate ambition through assessment and review of collective efforts every five years. A recent breakthrough in finance for addressing loss and damage is an opportunity to strengthen the finance agenda and rebuild much needed trust in the multilateral system.
This is a preview of subscription content, access via your institution
Access Nature and 54 other Nature Portfolio journals
Get Nature+, our best-value online-access subscription
$29.99 / 30 days
cancel any time
Subscribe to this journal
Receive 12 print issues and online access
$209.00 per year
only $17.42 per issue
Rent or buy this article
Prices vary by article type
Prices may be subject to local taxes which are calculated during checkout
Report of the Conference of the Parties Serving as the Meeting of the Parties to the Paris Agreement on the Third Part of its First Session, Held in Katowice from 2 to 15 December 2018 FCCC/PA/CMA/2018/3/Add.2 (UNFCCC, 2019).
Ngwadla, X. et al. A Needs-Based Approach to Climate Finance (iGST, 2023).
Whitley, S., Thwaites, J., Wright, H. & Ott, C. Making Finance Consistent with Climate Goals: Insights for Operationalising Article 2.1c of the UNFCCC Paris Agreement (ODI, World Resources Institute, RMI, E3G, 2018).
Paris Agreement (UNFCCC, 2015); https://go.nature.com/3Pr1val
Report of the Standing Committee on Finance CP/2022/8/Add.3–PA/CMA/2022/7/Add.3 (UNFCCC, 2022).
Pauw, W. P. et al. Clim. Policy 22, 1241–1251 (2022).
Watson, C. Options for Embedding Article 2.1c in the New Collective Quantified Goal on Climate Finance (ODI, 2022).
Organisation for Economic Co-operation and Development. Aligning Development Co-operation and Climate Action: the Only Way Forward (OECD, 2019).
Report of the Conference of the Parties Serving as the Meeting of the Parties to the Paris Agreement on its Third Session, held in Glasgow from 31 October to 13 November 2021 FCCC/PA/CMA/2021/10/Add.1 (UNFCCC, 2022).
Thomas, A., Serdeczny, O. & Pringle, P. Nat. Clim. Change 10, 700 (2020).
COP28 UAE: Unite. Act. Deliver (UNFCCC, 2023).
Organisation for Economic Co-operation and Development. Climate Finance Provided and Mobilised by Developed Countries in 2016-2020: Insights from Disaggregated Analysis (OECD, 2022).
International Monetary Fund. World Economic Outlook (IMF, 2022).
Steadman, S., Gençsü, I., Mustapha, S., Colenbrander, S. & Tyson, J. Indebted: How to Support Countries Heavily Reliant on Oil and Gas Revenues to Secure Long-term Prosperity (ODI, 2023).
United Nations High Level Expert Group on the Net Zero Commitments by Non-State Entities (UN HLEG, 2022).
The authors declare no competing interests.
About this article
Cite this article
Watson, C., Gonzalez, L. Accelerating finance for addressing loss and damage through the global stocktake. Nat. Clim. Chang. (2023). https://doi.org/10.1038/s41558-023-01814-1