COP27: “A new chapter to fight for Loss & Damage finance”
7 November 2022
7 November 2022: For the first time ever in UN climate negotiations, loss and damage finance has made it onto the agenda. This is a historic moment. Small island nations have been raising this issue for over 30 years, and now it is a reality following a concerted push from developing countries and civil society.
Speakers at a press conference for Climate Action Network today, emphasised that while this is welcome, the timeline to set up a loss and damage finance facility cannot be delayed till 2024 with communities on the frontline witnessing increasing devastation with every passing month.
The speakers warned that COP27 risks becoming a greenwashing festival with large numbers of gas lobbyists expected to attend. Ahead of the Leaders Summit today, Mohamed Adow, Founder and Director of PowerShift Africa, warned that the EU cannot use Africa to strike new deals to extract natural gas reserves to meet Western energy demands. “This is a new type of colonialism and gas deals involving Africa’s resources cannot be made in Berlin,” he said.
Ahmed El Droubi, Campaigns Manager for Greenpeace MENA, said: “COP27 is an African COP where the prevailing Global North narrative must be challenged and the voices calling for climate justice asserted. The Global South must seize this opportunity to consolidate our united stance to hold to account those overwhelmingly responsible for the climate disasters wreaking havoc on our vulnerable communities. Climate justice can be served at this COP through the establishment of a Loss and Damage funding facility, at least doubling adaptation finance in the form of grants rather than loans and strong commitments for a fossil fuel phase out in line with the 1.5c scenario. Finally, climate justice cannot happen without political, economic and social justice.”
Adow added: “I can sum up COP27 so far in two words – poor start. The COP in Egypt needs to learn from the mistakes that undermined COP26 in Glasgow. For it to be a successful African COP, the priorities of developing countries must take centre stage. We cannot claim to be tackling the climate crisis if we kick the can down the road on issues like loss and damage. We’re in the continent where loss and damage is a reality. It’s not too late for this COP to deliver for Africa and the developing world where other conferences have failed them. But we can no longer dodge this vital issue.”
Tasneem Essop, Executive Director of CAN-International, said: “The context of this COP27 shows a trust deficit with rich nations not following through with their commitments made on finance and civil society organisations being limited on their rights to raise their voices. The Global South must unite behind the decision to set up a loss and damage finance facility. We are not yet defeated.” Essop highlighted that the human rights crisis prevailing in Egypt directly infringes on local civil society’s ability to hold the powerful accountable to deliver climate justice.
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Contact:
For more information, contact Dharini Parthasarathy, Global Communications Lead, CAN International; email: dparthasarathy@climatenetwork.org, or WhatsApp/call on +918826107830
About Climate Action Network:
Climate Action Network (CAN) is a global network of over 1800 NGOs in over 150 countries, working to fight the climate crisis. www.climatenetwork.org.