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1/12.📜NEW TEXT: Good morning, the new text on “funding arrangements for #LossAndDamage” was released last night. As it stands the proposal of the G77 & China is not reflected and we are extremely concerned with the use of the term “funding arrangements” this is why.🧵
2/12. See the new “Draft negotiating texts” here under the 8f drop down here: unfccc.int/event/cop-27?i…
3/12. The G77 and China have tabled a very detailed proposal for a fund designated as an “operating entity” of the financial mechanism of the @UNFCCC, but the current text uses the term “fund as part of new and enhanced funding arrangements".
Read 12 tweets
1/16. #COP27 officially began today with the ceremonial opening taking place in the plenary this morning and we have already seen significant developments on #LossAndDamage. Here is our summary on day one of #COP27. 🧵
2/16. After opening the COP the @COP27P announced that "Matters relating to funding arrangements responding to #LossAndDamage associated with the adverse effects of #ClimateChange, including a focus on addressing #LossAndDamage." would be a sub-agenda item under finance.
3/16. Following the announcement, the @COP27P president expressed that he welcomed the decision, before praising the tireless efforts of civil society, to whom he said we owe a “debt of gratitude” for constant pressure to act on #LossAndDamage finance:
Read 16 tweets

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