🎙️Podcast | #LossAndDamage

Ahead of #COP27,
@NELSON84139702 shares what L&D means to youths
@BakhtaouiInes & @ZShawoo present insights on the gaps, #ClimateJustice principles, and how to operationalise a fair, feasible & effective #finance.

🎧Tune in: sei.org/featured/podca… “#LossAndDamage is the greatest #injustice we face as #youth.

We are put aside from decision-making processes. We are bearing climate change impacts though we have contributed little to it,” says @NELSON84139702 at @LossDamageYouth.

“We want #LossAndDamageFinanceNow at #COP27.”

#COP27 | #LossAndDamage

In the first half of 2022, developing countries suffered USD26.2 bn economic losses, while just 6 #FossilFuel companies reported a profit of USD95 bn, finds @LossandDamage's latest report.

@MongabayIndia @mongabay cc @theplainjain
india.mongabay.com/2022/10/explai… Rich, industrialised countries have contributed an estimated 92% of excess historical emissions, yet it is the developing & vulnerable countries that are hit the hardest by climate change impacts.

oxfam.org/en/research/fo…

🧵 #COP27 |

With growing demand for #LossAndDamage finance, SEI’s @BakhtaouiInes & @ZShawoo identify 6 principles to underpin #finance, and suggest that modalities should centre the needs & priorities of vulnerable communities.

Read the new report: sei.org/publications/f… 4 gaps in the existing architecture suggest the need for a new #finance mechanism:

- Resources fall far short of needs
- Inadequate institutional arrangements
- Lack of instruments to address slow-onset impacts
- Lack of financing for non-economic #LossAndDamage

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