Discover and read the best of Twitter Threads about #LossAndDamageFinance

Most recents (9)

1/18.📜#COP27 OUTCOME: Members of the @LossandDamage Collaboration share their thoughts on the outcome of #COP27 on all #LossAndDamage elements.

🔗Read it here:…
2/18. 📢GOOD NEWS: #COP27 has established a #LossAndDamage fund! Following courageous and consistent championing for 30+ years by countries on the frontlines of the #ClimateCrisis. This is a historic moment that sets us on a pathway to #ClimateJustice.
3/18. During this time, climate-vulnerable countries were supported by the tireless efforts of #CivilSociety who have and will continue to demand that polluters #PayUp4LossAndDamage. We’ve put our heart and soul into this for decades now and we are not stopping anytime soon!
Read 18 tweets
Proposed #COP27 Cover decision text is now out:…
Proposed #COP27 cover decision text reaffirms the Glasgow Pact, but does not include stronger language on coal phase out
Proposed #COP27 cover text includes 2 wins and a "maybe" for #LossAndDamageFinance:
-Welcomes it now being an agenda item
-Welcomes the establishment of the Santiago Network
-[Placeholder for possible Loss & damage fund]
Read 7 tweets
The compromise deal on #LossAndDamageFinance by #COP27 President has just dropped…
New proposal by #COP27 president on #LossAndDamageFinance includes the establishment of a new fund "for assisting developing countries in responding to loss and damage"
Proposal would also establish "transitional committee" to figure out the details of the L&D Fund - by COP28 already
Read 5 tweets
As #COP27 goes in overtime - here's a reminder of why we need #LossAndDamageFinance

The @LancetCountdown captures the loss & damage to our health from growing climate impacts.

In 2022, these include: 98 million more people suffering from food insecurity caused by heat /1
Heat exposure led to 470 billion potential labour hours lost globally in 2021, @LancetCountdown report finds.

In some countries this equates to 5% of GDP lost, further worsening the cost-of-living crisis.

There's been a rise of almost 1/3rd of ALL land affected by extreme drought in 2012–21 (compared to 1951–1960), finds @LancetCountdown report

Add to that the war in Ukraine, and you have a perfect storm for global food insecurity
#LossAndDamage @COP27P

Read 5 tweets
Perdas & Danos: vou tentar resumir o que temos neste momento aqui na #COP27 em um fio.
🌏 Saiu um texto de decisão tarde da noite de 5a sb. a urgência de se aumentarem os esforços p/ minimizar, evitar e tratar perdas e danos decorrentes dos impactos da mudança do clima ...
🎯 Neste texto, o parágrafo chave é o 2o, onde constam 3 opções sobre o que se decidirá estabelecer aqui na #COP27 em termos de arranjo de financiamento para remediar #LossAndDamageFinance ...
As opções:
🎯1️⃣ Propõe um fundo, criado por decisão aqui no Egito, para compensar perdas e danos. A contribuição financeira seria dos países ricos.
🌍 Quem apoia: países em desenvolvimento. Mas vale dizer que o G77+China tem proposta + forte, de nova entidade 💰🏦sob a UNFCCC.
Read 13 tweets
Endgame time at #COP27 when all the dirty tricks come out. An omen: conference logistics have been extended through Sunday night. And the major expected deliverable, #LossAndDamageFinance, is going to blow the whole thing up… 🧵…
The response from the global north has been to try and fob off the united global south demand for loss & damage finance, with some bullshit called the "Global Shield"
European countries are already (re)directing money into the Shield, preempting the call here at #COP27 for an actual fund for loss and damage
Read 16 tweets
1/ An honest thread on my #COP27 experience to date with 4 days left!!!
2/ This is a dystopian COP. The fragile trust between developed and developing further erodes as does the trust of citizens to their governments.
3/ Developed countries have sickeningly show that they do not care about the poor and marginalised citizens of the developing world as they challenge equity whilst speaking of urgency and vulnerability in the same breath. I am so disappointed.
Read 11 tweets
1/12. 📜It’s week two of #COP27 and things are heating up! We’d like to take this opportunity to introduce some new language on #LossAndDamage finance that we are going to start using to support developing countries and would encourage others to do the same. Image
2/12.We've been following the discussions on “matters relating to funding arrangements responding to #LossAndDamage associated with the adverse impacts of #ClimateChange, including a focus on addressing #LossAndDamage” which we are calling funding arrangements for #LossAndDamage.
3/12. At #COP26 in #Glasgow, the G77 and China called for the establishment of the Glasgow #LossAndDamage Finance Facility. In support of this demand, civil society has been calling for a #LossAndDamageFinance facility ever since.

Read 12 tweets
Dear @ClimateEnvoy @JohnKerry,

Here's my 10-point response to your intervention at the @nytimes Climate Forward conference at #UNGA

1. Thank you for acknowledging that #LossAndDamageFinance requires trillions of US$, as experts estimated.

THREAD - 1/6

2. You now agree "in all honesty" that the most important thing to do is to mitigate to prevent #LossAndDamage, and the next most important thing is to help people adapt.

3. But, the graph clearly shows that the US failed to reduce its CO2 emissions, since @UNFCCC in 1992.

2/6 Image
4. US gave 1 of US$3b of #ClimateFinance committed to @theGCF for #mitigation & #adaptation - nowhere close to its fair share.

5. Since 2013, I've seen the US blocking every single discussion on #LossAndDamageFinance, by arm-twisting and threatening developing nations.

Read 6 tweets

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