1/8. 🤯An eye-opening new tracker detailing the flight emissions✈️of the #SuperRich has been created by Akash Shendure a high school senior from Seattle in the U.S! But how do the emissions of the 1% relate to #LossAndDamage from the #ClimateCrisis?
2/8. 📈Although there are many ways to measure responsibility for the #ClimateCrisis, no matter which way you do it's the richest countries🌐, people🎩 and polluting industries🏭 that come out on top. 👇
3/8. Between 1990 and 2015 the proportional #CO2 emission of the richest 1% of the world's population were 15%, whilst in the same period the richest 10% accounted for 52%.
4/8. Whilst, flying in private jets makes up only part of these emissions, private frequent flyers are emitting dozens or hundreds of times the highest per capita average in a year just by flying.
5/8.🌊Ultimately, more emissions means more #LossAndDamage will take place in the future which is why communities on the front lines of the #ClimateCrisis are calling for the rapid phase OUT of all #FossilFuels and people from around the 🌍are calling for an end to #PrivateJets.
6/8. ⏰In the meantime, with the establishment of the #LossAndDamage Fund at #COP27 policymakers will be looking at innovative ways to fill the Fund with money so that impacted developing countries can start addressing the impacts of the #ClimateCrisis.
7/8.💡So far some of the ideas that have been raised have included a modest✈️#AirPassengerLevy (#IAPAL), taxing the windfall profits of #FossilFuel Companies🏭, and progressive taxes on wealth ownership🤑, all of which could yield hundreds of billions of dollars of every year! 💰
1/5.📰New article from @joeloyo of @ClimateHome News highlights that fewer than half the seats of the Transitional Committee of the #LossAndDamage Fund agreed at #COP27 have been filled with the potential to hold up work on releasing funds.
2/5. Although the deadline for negotiating blocs & Parties to nominate 24 committee members passed on the 15 December 2022, only ten members have been announced as of the of 31 January so we are waiting for 4 Developing and 10 Developed country Parties to make their nominations.
3/5. With the #COP27 decision indicating that the Transitional Committee should have its first meeting by 31 March and lots of organisational matters that need to be agreed before work can start, this delay leaves even less time for the committee to get it work done for #COP28.
2/6. The paper highlights how although the creation of a Transitional Committee to operationalise funding for #LossAndDamage at #COP27 could prove a seminal moment for the @UNFCCC...
3/6. In the context of #LossAndDamage and wider climate financing, discourses of vulnerability and mechanisms and indices for appraising the impacts of #ClimateChange remain unfit for purpose.
2/9. This letter is a Cease and Desist Notice is to demand that #FossilFuel CEO's immediately stop opening any new #Oil, #Gas, or #Coal extraction sites, and stop blocking the clean energy transition that is urgently need.
3/9. The letter highlights that #FossilFuel companies KNEW for decades that fossil fuels cause catastrophic #ClimateChange. That they MISLED the public about #ClimateScience and risks (#LossAndDamage) and
DECEIVED politicians with disinformation sowing doubt and causing delay.
1⃣ That although #LossAndDamage costs run will into trillions of US $'s, in the short term focusing on getting a few tens of billions of US $'s a year to support the poorest and most vulnerable communities would be wise.
3/12. 2⃣ Funds to address #LossAndDamage don't necessarily need to come from governments they could come from countries imposing a tax on every fossil fuel company registered in their jurisdiction.
1/11. With the final gavel of the @COP27P behind us, here ends @LossAndDamage’s coverage of #LossAndDamage at #COP27. We thank you all for reading what we have shared with you. Now It is time for us to rest and travel home to our loved ones.
2/11. But before we do we wish to extend huge gratitude to all those within our Collaboration and beyond have worked tirelessly for months to deliver a #LossAndDamage fund and the operationalisation of the #SantiagoNetwork for #LossAndDamage.
3/11. We are grateful for the solidarity and unity of the G77 and China and in particular the leadership of #Pakistan under the team led by H.E @sherryraham and lead negotiator #LossAndDamage@VicentePaoloYu.