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The World Bank Needs a Remedy Framework to Deliver on Loss and Damage

Summary

Published on December 18, 2023, by Aubrey Manahan, a Campaigner for CIEL’s People, Land & Resources Program, the blog post emphasizes the need for the World Bank to establish a robust Remedy Framework to address climate-related harms and uphold climate justice. During the COP28 in Dubai, a Loss and Damage Fund was created to aid vulnerable communities affected by climate-related issues. However, the post argues that the Fund, managed by the World Bank, lacks prioritization of climate justice and fails to address human rights violations adequately. The flawed structure, insufficient funding, and the World Bank's questionable track record in transparency and accountability are highlighted. The post urges the World Bank to align its practices with international human rights law, emphasizing the necessity of a remedy framework for the Loss and Damage Fund and the IFC, the bank's private sector arm. The final decision for hosting the Fund is contingent on meeting specified conditions. CIEL and partners advocate for accountability, transparency, and community involvement in remedy processes.

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