7/14. #Droughts, such as those affecting #EastAfrica, that have claimed the lives of 650,000 people since 1970, mostly in countries least responsible for the #ClimateCrisis.
9/14. The report then details the expected economic costs of #LossAndDamage from #ClimateChange and that the @V20Group's economies have been hit hard by the #ClimateCrisis losing about $525 billion in the past two decades owing to the impacts of #GlobalWarming.
10/14. The Non-economic #LossAndDamage caused by #ClimateChange, including climate change #Displacement, the loss of life, human health, cultural heritage and sovereignty.
11/14. Before highlighting the inadequacy of the available funding for #LossAndDamage and that the G77 & China (which represent 2/3rds of the world's population) proposal for a #LossAndDamage Finance Facility to was rejected by just a few developed countries at #COP26.
12/14. And that when funding is provided it is provided at the whim of donor countries, often incurs more debt than and is woefully inadequate to address #LossAndDamage.
13/14: Ending on recommendations, the @SRclimatechange suggests that the #UN General Assembly establish a #LossAndDamage Finance Facility and establish an interim financial window for funding urgent #LossAndDamage under the #GreenClimate Fund and much more!!!
1/55. The first day of the 2⃣nd meeting of the Board of the #LossAndDamage Fund has concluded in Songdo - Incheon, in the Republic of South Korea 🇰🇷. Here are our takeaways.🧵
2/55. The 2⃣nd meeting of the Board of the #LossAndDamage Fund opened with a statement by Ji-Young Choi, Deputy Minister for Intl. Affairs, @moefkorea_eng, Republic of Korea 🇰🇷, who announced a voluntary contribution of $7 million USD to the #LossAndDamage Fund.
3/52. Having announced the contribution to the #LossAndDamage Ji-Young Choi indicated that he hoped the pledge would act as a catalyst to encourage more, much needed, contributions to the Fund. 💰
1/44. 📢 Today was the first day of the 2024 #BonnClimateConference which saw the opening plenary and a Technical Expert Dialogue on the New Collective Quantified Goal on #ClimateFinance (#NCQG), here are our #LossAndDamage takeaways. 🧵
2/44. This morning started with a Press conference from the Alliance of Small Island States (@AOSISChair) and the Chair of the Least Developed Countries Group (@LDCChairUNFCCC) on expectations for the #BonnClimateConference.
3/44. Key messages included from the @LDCChairUNFCCC, Evans Nijewa: “The current $100 billion goal [set in 2009] is far below the needs we have in our countries. The New Collective Quantified Goal on #ClimateFinance (#NCQG) must reflect the true needs of our countries.”
1/18.⚠️USEFUL INFO: The 20th meeting of the Executive Committee (ExCom) of the Warsaw International Mechanism for #LossAndDamage (WIM) will take place from the 12-15th of March in Bonn, Germany 🇩🇪. Here’s some useful context, what to expect and our expectations for #WIMExCom20🧵.
2/18. #WIMExCom20 will take place at Wissenschaftszentrum Bonn with the meeting opening on the 12 March 2024 at 09:00 a.m. CET. The meeting will be hybrid.
3/18. The WIM was established at #COP19 in Warsaw to address #LossAndDamage associated with impacts of #ClimateChange, including extreme weather events and slow onset events, in developing countries that are particularly vulnerable to the adverse effects of #ClimateChange.
1/17. Its day twelve —the last official day of #COP28— and it looks like we are headed for overtime! Today was a day of powerful reactions to last nights #GlobalStocktake text which failed to call for a phase out of #FossilFuels. Here are our #LossAndDamage takeaways.🧵
2/17. For our latest analysis of the 5⃣ key #LossAndDamage issues —with accompanying solutions— that we want to see addressed in the new #GST text.
3/17. Running into the early hours of this morning, the Heads of Delegation meeting convened by the @COP28_UAE on yesterdays #GlobalStocktake text saw many countries and groups reject the text for lack of ambition.
1/11.⚡️BREAKING NEWS⚡️: The fifth meeting (#TC5) of the Transitional Committee (TC) of the #LossAndDamage Fund has agreed on recommendations to send to #COP28. However, the US 🇺🇸 says “it is not a consensus document” because they were not in the room when it was adopted.
2/11. The US 🇺🇸stood as the only TC member blocking consensus by asking for last-minute changes to the text when all other TC members had agreed to the “imperfect text”. Having blocked adoption several times, the US left the room when Co-Chairs called for the final time to adopt.
3/11. Following the close of #TC5 the US 🇺🇸 interjected to reject the consensus decision claiming “it is not a consensus document” because they did not provide consent. The Co-Chairs say that they will now reflect that “in the view of the US” it is not a consensus document.
1/10.📢It is day two of the fifth meeting (#TC5) of the Transitional Committee (TC) of the #LossAndDamage Fund in Abu Dhabi, in the United Arab Emirates 🇦🇪. The new text for the #LossAndDamage Fund is out and it is totally ⛔️ unacceptable!
1⃣ The text sees @WorldBank become the interim host of the #LossAndDamage Fund without a clear exit. (Developing countries have been clear, they will only accept the @WorldBank as an interim host with a set of conditions and not forever!).
3/10. 2⃣No clear obligation for developed countries to pay their fair share into the #LossAndDamage Fund.