The agreement to operationalize a new fund for loss and damage was a key achievement of this year’s United Nations Climate Change Conference, or COP 28. But key questions remain about how that fund will work to get financial resources to countries experiencing the impacts of climate change.

It’s part of a broader conversation about climate vulnerability and resilience — how to measure it, how it relates to a country’s income status, and how to quantify the costs of climate change impacts.

“These are things that will be with you forever — your entire trajectory, your entire life, your entire space has changed fundamentally and in a permanent way. So the solutions cannot be sliced and diced solutions,” argues Gene Leon, president of the Caribbean Development Bank, in this episode of the Climate + podcast.

Leon outlined how support for countries experiencing loss and damage due to climate change can help them regain their footing — and rediscover an economic growth trajectory on a changing planet.

The Climate + podcast is supported by the World Bank.