COP27 will be a failure if reparations for loss and damage are not properly addressed - Finance for loss and damage are crucial if low emitting countries are to survive climate shocks
Developing nations have pinned the success of the 27th Conference of the Parties underway in Egypt on the outcomes of talks on climate liability and reparations, officially regarded as “loss and damage”. Off the back of accelerating global climate impacts and devastating floods in Pakistan and South Africa, vulnerable countries came to COP27 demanding a deal on loss and damage. There is no finance under the current UN framework to address loss and damage.
Following COP26 in Glasgow, Scotland last year, broad agreement was reached among developing nations that COP27 in 2022 was the moment to resolve issues around loss and damage. Despite this, loss and damage was almost kicked to the curb entirely as an official agenda item for this year’s COP during the “Glasgow Dialogues” that took place in June 2022 when parties convened in Bonn, Germany.
“The successful outcome of the loss and damage does have a strong bearing on the outcome and credibility of this COP. It is widely understood that mistrust between developed and developing nations are at an all-time high. Good progress on loss and damage would restore some of that trust if it is pushed out without tangible outcomes that mistrust is going to grow,” said Brandon Abdinor, climate advocacy lawyer at the Centre for Environmental Rights .
Subscribe to the M&G today for just R30 for the first three months* to gain access to this story and all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa: Climate Briefs - Youth-led Businesses With Climate Change Solutions Win U.S.$100,000 Each #AfricaClimateHopeClimate Briefs - Youth-led Businesses With Climate Change Solutions Win U.S.$100,000 Each... allafrica: Africa ClimateChange AfricaClimateCrisis COP27
Read more »
Big sticking points to COP27 climate deal slow crunch talksGovernment ministers and negotiators from nearly 200 countries on Tuesday began the hard slog of finding common ground for a deal at the annual U.N. climate summit, as host country Egypt assured that the slow-moving talks were still on track.
Read more »
Major sticking points slow talks on COP27 climate dealGovernment ministers and negotiators from nearly 200 countries on Tuesday began the hard slog of finding common ground for a deal at the annual U.N. climate summit, as host country Egypt assured that the slow-moving talks were on track.
Read more »
WATCH: Tween climate activist door stops energy minister at COP27 | The Citizen👀WATCH: 11-year-old shooed away after boldly confronting UK energy minister to release jailed climate activists 🐳 arrested for protesting against new oil and gas licenses in the UK. COP27 LicypriyaKangujam ZacGoldsmith
Read more »
COP27: The Africa group isn’t serious about dealing with climate change | CitypressGreenpeace lashes out at African leaders for demanding loss and damage reparations while at the same time pushing to exploit more of the continent's fossil fuels - the very source of the climate crisis.
Read more »
Food for thought: ambassador to Egypt disciplined for embarrassing SA at COP27Ntsiki Mashimbye has been ordered to attend a refresher course on the dos and don’ts of his job
Read more »