Thread by @althecat

The #cop27 closing is now underway. And multiple contentious issues remain open. The stocktaking session following the formal session featured multiple report backs from Ministers charged with seeking consensus in contentious areas.

https://twitter.com/althecat/status/1593361091568046082

#climatefinance ministerial stocktake.

The second facilitating minister, from Australia on Climate Finance progress.

Singapore on Article 6 (ETS) and related issues.

Denmark and South Africa on the Mitigation (emissions reduction) work program.

Part 2.

Loss & Damages 1/2

2/2 German Federal Climate Policy Commissioner Jennifer Morgan on Loss & Damages.

This was followed by an report back from the Presidency on progress. Unfortunately the video of this is corrupted.

As is the intervention by @TimmermansEU that followed in which he repeated a statement made earlier in a press conference agreeing to the demand for the establishment of a Loss & Damage fund. Whilst also requesting a “mosaic” of other mechanisms to deliver a full package.

There has been some resistance to insurance based mechanisms in this area from developing countries. @TimmermansEU received a round of applause for his remarks but the debate was far from over.

Several interventions on this - the most contentious issue in #cop27 followed including this one from Ghana on behalf of the Africa Group.

Part 2.

At which point Norway responded.

Norway here repeats the European position in these talks (note that Norway is not a member of the EU):

I.E. that a maximum warming of 1.5 degrees needs to remain the goal as agreed in Glasgow.

He also repeats the European position linking Loss & Damages efforts to mitigation…

Which argues that without effective mitigation efforts, loss & damage impacts will spiral out of control and become so common as to be unaddressable.

This was followed by a series of developing nation statements on this subject from:
Pakistan
Bolivia
Colombia and others further hammering home the point about the scale of the loss & damage that is already occurring.

China spoke out in support of the G77 on this issue and has also agreed to contribute to the fund. And the UK also made an intervention.

Notably absent from the discussion was the other economic super power, the US.

At the end of all this the COP president Sameh Shoukry said he would hold a another stocktaking meeting at 12pm tomorrow to assess how much progress has been made overnight.

Tomorrow is the scheduled end for #cop27, but there are numerous precedents for extensions.

Last year in Glasgow a similar situation arose and COP concluded on Saturday, but there are several precedents for the discussions continuing into Sunday.

COP has only once failed altogether to reach a consensus. In 2000 in the Netherlands. enb.iisd.org/events/unfccc-…

The 2000 failed COP then resumed in the middle of 2001 in Bonn, Germany, and this may be the precedent followed should #COP27 fail, which now appears to be a possibility.

Europe is particularly motivated to avoid this outcome as Europe is now fully mobilised to accelerate its mitigation and renewable energy plans, in part spurred on by the Energy Crisis caused by the war in Ukraine.

A failure in Egypt could result in criticism at home.

However the triple crises of Covid, Climate and the Ukraine war may have improved the European public’s understanding of risk, and improved public resilience to political setbacks.

/ends

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