India, Dec. 3 -- It is different from mitigation and adaptation, and it needs finance

Loss and damage has a specific meaning in climate policy. It deals with unavoidable and irreversible impacts of climate change, where mitigation has failed, and adaptation is not possible.

Six years ago, at COP 19, the 'Warsaw International Mechanism on Loss and Damage' (WIM) was set up to "address loss and damage associated with impacts of climate change, including extreme events and slow onset events in developing countries that are particularly vulnerable to the adverse effects of climate change".

Two years later, in 2015, Article 8 of the Paris Agreement installed loss and damage as a third pillar of climate policy (with mitigation and adaptation ...