Discover and read the best of Twitter Threads about #LossAndDamageFinanceNow

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LIVE FROM #COP27: What's needed from the 39 countries & institutions who promised to #StopFundingFossils abroad by the end of this year?

Follow along with us here as @vanessa_vash, @LaurenceTubiana, @AsianPeoplesMvt, @GrupoGFLAC and more give an update🧵
eventbrite.com/e/cop27-side-e…
@vanessa_vash @LaurenceTubiana @AsianPeoplesMvt @GrupoGFLAC The Glasgow Statement was a bright spot of COP26, as the 1st international pledge to deal not just with coal finance but oil & gas as well!

If signatories follow through, it will directly shift at least USD 28 billion a year from fossils to clean 🌅 iisd.org/publications/r…
@vanessa_vash @LaurenceTubiana @AsianPeoplesMvt @GrupoGFLAC This public finance matters because it shapes our future energy systems, often tipping the ⚖️ on which projects get built, and which don't. But instead of building a just, renewable future wealthy countries are still using it to lock in more fossils! priceofoil.org/g20-at-a-cross… Image
Read 20 tweets
1/20.📜It’s day nine and the second day of the second week of #COP27 and here is our #LossAndDamage focused daily thread. Today we have seen a #PayUp4LossAndDamage action and negotiations on the #SantiagoNetwork for #LossAndDamage and on funding arrangements for #LossAndDamage.🧵 Image
2/20.This morning, @anuahsa, The #Maldives Minister of Environment, #ClimateChange & Technology, spoke to youths at the @CYPavilion to stress the need for a “mosaic of solutions” to address #LossAndDamage including an operating entity under the financial mechanism of the @UNFCCC. Image
3/20. “We do need a “mosaic of solutions” to address #LossAndDamage. But first and foremost, we need to establish a dedicated funding facility under the @UNFCCC system, where all parties have equal equitable access, and predictable access, to #LossAndDamage finance.” @anuahsa Image
Read 20 tweets
🎙️Podcast | #LossAndDamage

Ahead of #COP27,
@NELSON84139702 shares what L&D means to youths
@BakhtaouiInes & @ZShawoo present insights on the gaps, #ClimateJustice principles, and how to operationalise a fair, feasible & effective #finance.

🎧Tune in: sei.org/featured/podca…
“#LossAndDamage is the greatest #injustice we face as #youth.

We are put aside from decision-making processes. We are bearing climate change impacts though we have contributed little to it,” says @NELSON84139702 at @LossDamageYouth.

“We want #LossAndDamageFinanceNow at #COP27.”
Most of the existing #finance is to:
- address immediate response after a climate disaster, provided by humanitarian aid & development organisations
- prevent disasters, related to adaptation & linked to development funds, e.g. #ClimateFinance on early warning systems & insurance
Read 9 tweets

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