Like-Minded Developing Countries

Stance on 'Loss and Damage'

The 24 LMDC countries, all part of the Global South, largely depend on raw material extraction, though their populations seldom benefit from this wealth. For most, conspicuous consumption remains an unfulfilled aspiration. These socio-economic challenges shape their international priorities, which differ from those of the Global North. With material security still lacking, environmental preservation is harder to prioritize.

The LMDC nations want the disproportionate burden of weathering the impact of climate change and the costs of adaptation to take centre stage in the climate debate and are calling on the countries of the Global North to honour  financial pledges and lead in funding and technology transfer to help these nations adapt.

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The LMCD group advocates for comprehensive climate finance mechanisms that ensure developed countries provide adequate funding, in line with the Paris Agreement. They stress the urgency of financial, technological, and capacity-building support to pursue a suitable development goals. Key focus areas include affordable funding, balanced adaptation and mitigation, swift access, transparency, and flexible payment mechanisms. Additionally, the group opposes net-zero targets promoted by wealthier nations, arguing that these could worsen existing inequalities and undermine climate justice.

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They propose strengthening the Santiago Network on loss and damage (SNLD) integrating it into UNFCCC as an operating part of the Warsaw International Mechanism agreed at COP19 (November 2013).