Thread by @CANIntl

1/7 🧵
We’re well into week 2 of #COP27 and the draft cover text has finally dropped: a record-long (8.400 words) COP27 cover decision draft text 36 hours before the official end of COP27. This text lacks a clear structure and vision.

Initial CAN reaction below ⬇️

2/7 Lack of transparency, and progress in the different negotiations is leading to the undermining of a meaningful outcome. It is the responsibility of the Egyptian presidency to urgently start accelerating the work and show leadership for an ambitious cover decision.

3/7 The #COP27 cover decision must not backslide, but rather demonstrate progress from the Glasgow text on #1o5C and ALL fossil fuels.

4/7 The G20 communiqué has opened an opportunity in particular to commit high emitting economies to #1o5C, and opens the way to agree an ambitious and historic #LossAndDamage finance facility outcome at this COP27.

5/7 Inexcusably,“an equitable phase out of ALL fossil fuels” is not included. This is despite many influential countries calling for it, including USA, EU, AOSIS, Colombia and others.

6/7 We can NOT afford any backsliding on Glasgow. The Glasgow Climate Pact called for a “phase down of unabated coal” – this ignores oil and gas, and includes a loophole large enough to drive a drill rig through.

7/7 Further elements that must be in the final cover decision include:
➡️Establishing a #LossAndDamage Finance Facility
➡️A roadmap with timebound tracking for the committed doubling of #Adaptation finance
➡️Financial System Reform
➡️Enhancement of NDCs