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".
4/12. The G77 & China also asked for a transitional committee to develop the modalities of the fund and they have continually emphasised the need to recognise the principles of CBDR-RC, equity and historical responsibility. All of these elements are not reflected in the text.
5/12. Given the co-facilitators said they had reflected divergent views in options last night in the informal stocktaking we would have expected the views of the G77 & China, who represent 134 developing countries and 2/3rds of the world to be fully reflected in an option.
6/12. To fully reflect the G77 and China’s option we need to see a reference to establishing an “operating entity” under the Financial Mechanism of the @UNFCCC with a focus on addressing #LossAndDamage.
7/12. The work on #LossAndDamage under the @UNFCCC is mandated to focus on addressing #LossAndDamage. While developed countries have added avert and minimise since #COP21 in #Paris this does not change the fact that we need to ADDRESS #LossAndDamage.

🔗lossanddamagecollaboration.org/publication/wh…
8/12. The text also welcomes the #GlobalShield Against Climate Risk and we are concerned that this is a distraction, that it does not ADDRESS #LossAndDamage and that it diverts valuable resources away from the #SantagoNetwork which urgently needs finance to be operationalised.
9/12. Find out more about why we think that here: lossanddamagecollaboration.org/publication/is…
10/12. We must also welcome the spectrum of work being driven by countries in the #GlobalSouth so we would add the #BridgetownInitiative being developed and driven by #Barbados and championed by @miaamormottley to the list of new initiatives outside the @UNFCCC being welcomed.
11/12. We urge Parties to work harder to meet the demands of the G77 & China, who we must remember, represent 2/3rds of the world's population including the most vulnerable communities and countries that are bearing the brunt and cost of #LossAndDamage from #ClimateChange.
12/12. 📜Find out more about #LossAndDamage at #COP27 below:

🚨Live doc with the latest on L&D: docs.google.com/document/d/1Q9…

📸#LossAndDamage cheat sheet for journalists: docs.google.com/document/d/1aO…

🧑‍🎓And learn more about #LossAndDamage here: lossanddamagecollaboration.org/whatislossandd…

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More from @LossandDamage

Nov 20
1/18.📜#COP27 OUTCOME: Members of the @LossandDamage Collaboration share their thoughts on the outcome of #COP27 on all #LossAndDamage elements.

🔗Read it here: lossanddamagecollaboration.org/pages/facing-u… Image
2/18. 📢GOOD NEWS: #COP27 has established a #LossAndDamage fund! Following courageous and consistent championing for 30+ years by countries on the frontlines of the #ClimateCrisis. This is a historic moment that sets us on a pathway to #ClimateJustice. Image
3/18. During this time, climate-vulnerable countries were supported by the tireless efforts of #CivilSociety who have and will continue to demand that polluters #PayUp4LossAndDamage. We’ve put our heart and soul into this for decades now and we are not stopping anytime soon! Image
Read 18 tweets
Nov 19
1/25.📜It’s day thirteen of #COP27. We’re in overtime now and behind closed doors, Parties have been working with the @COP27P to find common ground on funding arrangements for #LossAndDamage.🧵 Image
2/25. At 12:00 today @CaninT held a press conference to give a state of play update during which we heard from @mohadow of @PowerShftAfrica , @Eddypc of @CANRacCanada, @LiShuo_GP of @GreenpeaceEAsia, @RachelCleetus of @UCSUSA, and @TasneemEssop of @CaninT. Image
3/25. Key messages included, @RachelCleetus on the G77 and China’s continued expectations for #COP27: "Climate-vulnerable countries came with a clear ask. They want a #LossAndDamage fund under the COP and the CMA. Then we can talk about getting it operationalised." Image
Read 26 tweets
Nov 19
1/5.⚡️WHERE ARE WE AT?⚡️:Good morning Its day 13 of #COP27 and we have run into overtime. We are waiting to hear what will happen throughout the day as heated bilateral discussions continue on “funding arrangements” for #LossAndDamage. 🧵 Image
2/5. But make no mistake, everything is still up for grabs and we are still pushing for an “operating entity” (be it a fund or facility) to be established under the financial mechanism of the @UNFCCC at #COP27 to address #LossAndDamage.
3/5.Don’t forget, this is what AMBITIOUS means: The operating entity needs to be under the CMA and the COP, it needs to deliver new and additional funds, it needs to be based upon equity and CBDR-RC, it must cover ALL vulnerable developing countries, not just the most vulnerable.
Read 7 tweets
Nov 18
1/28. A serious issue has been bubbling under the surface at #COP27 and it's reaching boiling point as we near the final plenary: the importance of the Convention(@UNFCCC) and its ongoing role in @UN #ClimateChange negotiations. Here is why this is important for #LossAndDamage.🧵 Image
2/28. In the informal stocktaking plenary last night, we heard many interventions from developing country Parties highlighting their concerns regarding efforts by developed country Parties to remove references to the principles of the Convention across all thematic areas.
3/28. Under the Convention, Parties agree to protect the climate system “on the basis of equity and in accordance with their common but differentiated responsibilities and respective capabilities (CBDR-RC).” These are important agreed principles that must be preserved.
Read 28 tweets
Nov 18
1/25.📜It’s day twelve of #COP27 and here is your daily #LossAndDamage focused thread. The intense negotiations on “funding arrangements" continue today after the release of a new text which contained a set of three options for a decision on a fund to address #LossAndDamage. 🧵 Image
2/25. As summarised by @YebSano of @GreenpeaceSEA during @CaninT press conference these options equate to: “Option 1, we have a fund here. Option 2, we have a fund next year, Option 3, we don't have a fund, let's talk some more.” Image
3/25. However, it is very important to note — as we did earlier in an extensive thread— that “option number 1” is not in line with the G77 and China’s current proposal for an operating entity (be it a fund or facility) under the financial mechanism of the @UNFCCC.
Read 25 tweets
Nov 18
1/4. This evening at #COP27 #Barbados told @COP27P: "We would not wish to come out of this COP without a clear definitive language within the text and the cover text that addresses #LossAndDamage."
2/4. Support on #LossAndDamage, "has to include a reform of #MDBs. It has to address a pathway for accessing #Finance. It has to deal with the scale of finance which must be commensurate with the scale of the crisis which we did not ask for and cannot afford to finance."
3/4. The intervention continued: "Circumstances where we are highly debt burdened because the scale of financing development far outstrips our capacity. There is an urgent need for us to have the fiscal space to deal with crisis and deal with development issues."
Read 4 tweets

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