Thread by @mohadow

Here is my #COP27 assessment.

First thing first, COP27 has done what no other COP has achieved & created a loss & damage fund to support the impacted communities of climate change. Vulnerable countries have been calling for since the 1992 Rio Earth Summit

As the #WorldCup starts today, it's a fitting moment to quote the Three Lions England football song, after 30 years of hurt, #LossAndDamageFund has finally come home on African soil here in Egypt.

At the beginning of these talks, loss & damage was not even on the agenda and now we are making history. It just shows that this UN process can achieve results, and that the world can recognise the plight of the vulnerable must not be treated as a political football.

It's worth noting that we have the fund but we need money to make it worthwhile. What we have is an empty bucket. Now we need to fill it so that support can flow to the most impacted people suffering right now at the hands of the climate crisis.

The other big story from COP27 that is flying under the radar is that for the first time, countries have sent a clear signal calling for the reforms of the multinational investment banks to support climate compatible development.

This pivotal decision will go a long way in de-risking investments, make capital affordable and unlock trillions in climate finance for developing countries

However, on a global fossil fuel phase down it’s sad to see countries just copying and pasting the outcome from last year’s COP26 in Glasgow. It's deeply saddening that countries couldn’t agree to commit to a phase down of all fossil fuels, not just coal

The science is clear, the impacts are getting worse & we know that renewables are the future. Polluting countries need to leave coal, oil and gas in the ground if we’re going to keep global heating from running out of control.