#COP27 | #LossAndDamage
In the first half of 2022, developing countries suffered USD26.2 bn economic losses, while just 6 #FossilFuel companies reported a profit of USD95 bn, finds @LossandDamage's latest report.
@MongabayIndia @mongabay cc @theplainjain
india.mongabay.com/2022/10/explai…
In the first half of 2022, developing countries suffered USD26.2 bn economic losses, while just 6 #FossilFuel companies reported a profit of USD95 bn, finds @LossandDamage's latest report.
@MongabayIndia @mongabay cc @theplainjain
india.mongabay.com/2022/10/explai…
Rich, industrialised countries have contributed an estimated 92% of excess historical emissions, yet it is the developing & vulnerable countries that are hit the hardest by climate change impacts.
oxfam.org/en/research/fo…
oxfam.org/en/research/fo…
Experts tag #COP27 as the 1st climate summit in “the era of #LossAndDamage.”
In 2022, over 119 record-breaking #ExtremeWeather events hit developing countries, resulting in billions of dollars of losses.
In 2022, over 119 record-breaking #ExtremeWeather events hit developing countries, resulting in billions of dollars of losses.
While India highlights #LossAndDamage finance to be a key negotiation point in #COP27, its submitted #NDC in August 2022 has no mention of L&D, says @RituBharadwaj16.
India's economic L&D from climate change is said to be around 1.8% of its GDP annually by 2050, acc. to @ucl.
India's economic L&D from climate change is said to be around 1.8% of its GDP annually by 2050, acc. to @ucl.
“#Finance distributed as grants, esp. small grants that are directly targeted towards and reach grassroots organisations & local communities, are likely to be more effective — since it means greater autonomy & decision-making power over how finance is utilised,” says @ZShawoo.
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