Santiago Network

Santiago Network

News: Recently, the draft text on the Santiago Network has been adopted at COP28.

What is Santiago Network?
• The Santiago Network is a platform established under the United Nations Framework Convention on Climate Change (UNFCCC) with the objective of catalyzing technical assistance from relevant organizations, bodies, networks, and experts.
• It aims to support developing countries that are particularly vulnerable to the adverse effects of climate change in averting, minimizing, and addressing loss and damage (L&D) at the local, national, and regional level.
• The network connects providers of technical assistance – including civil society, non-governmental organizations, and the private sector – with those that need it most. The Parties agreed on the institutional arrangements to operationalize the Santiago Network for Loss and Damage. This agreement indicates a structural and functional link between the Santiago Network and the Loss & Damage Fund.

Other initiatives discussed at COP28:
• The Global Goal on Adaptation (GGA)- it is a collective commitment under the Paris Agreement aimed at “enhancing [the world’s] adaptive capacity, strengthening resilience and reducing vulnerability to climate change.
• Dairy Methane Alliance- Six of the world’s largest food companies, including Nestle, have come together to accelerate food industry action to drive down methane emissions from the sector.