Assessing and financing loss and damage due to climate change in Somalia

If losses and damages triggered by climate change are to be addressed in national and international policy, finance and action, losses and damages need to be specified and estimated. To support national planning and international advocacy, this report provides policy-makers in Somalia with new estimates of current and potential future climate-attributable losses and damages. Despite emerging opportunities to leverage international loss and damage finance, significant challenges remain. These include a limited fiscal space and competing socio-economic priorities to support livelihoods and well-being; limited total volume of funds may be insufficient to cover widespread loss and damage; willingness of international finance mechanisms to channel resources to fragile and conflict-affected countries and limited modalities for accessing such funds; and the ability of the Government of Somalia and its partners to quantify loss and damage, and to articulate financing needs to help meet the wide range of losses and damages experienced in the national context.