1/13.⚠️USEFUL INFO: The second meeting (#TC2) of the Transitional Committee (TC) of the #LossAndDamage Fund agreed at #COP27 will happen this week from the 25-27th of May in Bonn, Germany 🇩🇪. This is what's on the agenda🧵👇.
2/13. Following the opening of #TC2, TC members undertake an exchange of views with non-Party observer constituencies on the purpose and scope of the new funding arrangements for responding to #LossAndDamage and the #LossAndDamage Fund established at #COP27.
3/13. During this session, we will likely hear from @WGC_Climate, Environmental NGOs (ENGO), Trade union NGOs (TUNGO), @IYCM, and more on behalf of #CivilSociety on how the TC can deliver a fit-for-purpose #LossAndDamage Fund and Funding Arrangements at #COP28.
4/13. After this the TC will turn to “Matters related to paragraphs 6 and 7 of decisions 2/CP.27 and 2/CMA.4”.
5/13. This will include discussion on the latest version of the Synthesis Report prepared by the @UNFCCC for the TC on existing funding arrangements and innovative sources relevant to addressing #LossAndDamage.
10/13. For this agenda item, the Co-chairs of the Transitional Committee (@HonkatukiaOuti and @midnightknock) have prepared a detailed scenario note setting out expectations and ambitions for #TC2.
11/13. In the note, the co-chairs have posed a set of questions for TC members to come prepared to discuss at #TC2.
1/9.📜NEW PAPER: "Time to pay the piper: Fossil fuel companies’ reparations for #ClimateDamages" from Marco Grasso and @rickheede gives clear guidance on the billions of $$$'s #FossilFuel companies should pay into the #LossAndDamage Fund each year.
The report finds that the #FossilFuelIndustry will be responsible for $23.2 trillion (USD) of economic #LossAndDamage (to GDP) between 2025–2050 under a 3°C warming scenario.
3/9. This is important because the report demonstrates that it’s possible to attribute #LossAndDamage costs, and the responsibility for redress, to specific #CarbonMajors .
1/10.📜NEW BREIF: From @CJRFund, highlights findings from their efforts to address #LossAndDamage and provides recommendations to inform the operationalisation of a fit-for-purpose #LossAndDamage Fund based on real-world efforts.
2/10. Aimed at informing the work of the Transitional Committee (TC) of the #LossAndDamage Fund ahead of their first workshop (29-30th April) and second meeting #TC2 (24-27 May) the brief is also supported by @ACTAlliance, @UUSC, @Helvetas and Young Power in Social Action.
3/10. The @CJRFund has supported four #LossAndDamage projects – in Bangladesh 🇧🇩, Malawi 🇲🇼, and across the Pacific 🇫🇯🇰🇮 – though funding pledged by @NicolaSturgeon on behalf of the @scotgov at #COP26 in Glasgow.
1/10.📜NEW BREIF: From @vallejolola, Matthieu Wemaëre, Michel Colombier of @IDDRI_ThinkTank gives a useful overview of the tax🏭🛢️💰and levy ✈️🚢 instruments under discussion that could contribute finance to address #LossAndDamage from #ClimateChange.
2/14. Key takeaways on why we cant use it include:
1⃣ Climate models primarily simulate processes in the atmosphere and ocean. They don’t directly simulate the #LossAndDamage caused by an extreme weather event such as how many people died due to a heatwave.
3/14. 2⃣ To simulate the effects of an extreme event, such as the loss of life or infrastructure, the exact extent to which weather components such as temperature and rainfall that caused #LossAndDamage need to be known. In some cases, this can be determined...
1/13.⚡️USEFUL INFO⚡️: The @IPCC_CH is currently meeting at #IPCC58 to review and approve the #AR6 Synthesis Report and it's Summary for Policymakers, with released set for Monday the 20th of March.
More here: ipcc.ch/2023/03/13/ipc…
2/13. The #AR6 Synthesis Report and it's Summary for Policymakers will condense all of the scientific evidence from the reports of the @IPCC_CH working group's and all special reports published between 2018 and 2022.
3/13. For example the @IPCC_CH#AR6 Working Group II report made the following key points on #LossAndDamage very clear:
1/9. 🌀Devastating tropical #CycloneFreddy, which has made landfall twice 🤯, has caused #LossAndDamage in #Madagascar🇲🇬, #Mozambique 🇲🇿 and #Maliwi 🇲🇼 including 220+ deaths, whilst breaking records as the longest lasting cyclone.
2/9. In #Madagascar🇲🇬, at least 17 people have died due to #CycloneFreddy (7 from the first landfall on 21 February and 10 from the latest rains on 5 and 6 March), and nearly 299,000 people have affected.
3/9. In #Mozambique 🇲🇿, #CycloneFreddy has seen some provinces received as much rain in 24 hours as they would usually experience in one month. As a result 10 people have died and 14 have been injured, 1,900 houses have been damaged or destroyed.