COP29 Panel on Loss & Damage Finance Mechanism: Preliminary Report

28 November, 2024

Speakers at the Loss & Damage Finance Mechanism: Preliminary Report at COP29

On November 18 2024, Sustainable World Inc. and its program AirQualityAsia [SW-AQA] held an event at COP29 GLOBE Parliamentary Pavilion on Loss & Damage Finance Mechanism [LDFM©]

Hosts: Sustainable World Inc. - AirQualityAsia
Location: GLOBE Parlimentary Pavilion, COP29, Baku, Azerbaijan

On November 18, 2024, at the COP29, Sustainable World Inc. and its program AirQualityAsia [SW-AQA] held a panel on the Loss & Damage Finance Mechanism [LDFMⓒ]: Preliminary Report.

The webinar was inaugurated Hon. Matthew J Nolan, Treasurer, AirQualityAsia. A welcome note from Host country was delivered by Hon. Dr. Fariz Ismailzade, MP, Director of the Institute for Development and Diplomacy, Azerbaijan. Ms. Shazia Rafi, President and Convenor, AirQualityAsia gave an introduction on Loss & Damage Finance Mechanism.

The discussion continued with expert presentations moderated by Mr. Monish Mahurkar, Acting Head, Technical Support Unit, EAG. Dr. Viral V. Acharya, CV Starr Prof. of Economics, NYU-Stern and member of Experts’ Advisory Group on LDFM discussed private sector LDFM© solutions - including Climate Stress and Mitigation of Climate Risks. Dr. Nana Riana, Deputy Director, Ministry of Finance, Indonesia gave a presentation titled “Strengthening Country Capacity for Private Sector LDFM© solutions that meet national climate goals – Indonesia’s Sukuk programme”.

Parliamentary Working Group on Loss & Damage Finance:

Hon. Naveed Qamar, MP, Chair, Finance & Revenue Committee, Pakistan, Board member, AQA
Hon. Cedric T. Frolick, MP, Chair, Oversight and Public Participation Committee, South Africa
Hon. Dyah Roro Esti Widya Putri, Deputy Minister of Trade, Indonesia, AQA Indonesia

Closing Remarks were given by Hon. Harry Duynhoven, Secretary, AQA.