Footing the bill: fair finance for loss and damage in an era of escalating climate impacts

An important indicator of rising climate impacts and associated loss and damage is increasing humanitarian need. New Oxfam research reveals that funding requirements for UN humanitarian appeals linked to extreme weather are eight times higher today than they were 20 years ago. As climate change escalates, the humanitarian system is being put under increasing strain and is unable to adequately respond. Oxfam research also estimates that over the past five years, UN humanitarian appeals linked to extreme weather were only 54% funded on average, resulting in an estimated funding shortfall of $28–$33bn.