Climate change fund: $319mn available for Loss and Damage | World News https://www.byteseu.com/910712/ #Baku #Climate #ClimateChange #FUND #GlobalWarming #LossAndDamage #UNClimateConference #US
Climate change fund: $319mn available for Loss and Damage | World News https://www.byteseu.com/910712/ #Baku #Climate #ClimateChange #FUND #GlobalWarming #LossAndDamage #UNClimateConference #US
2/11. The U.S’s withdrawal sends the wrong message to global community at a time when the escalating #ClimateCrisis is leading to increasing amounts of #LossAndDamage.
5/11. The U.S. has a long record of delay tactics and obstructionism on #LossAndDamage, however, withdrawal from the Board of the Fund and the #ParisAgreement and Trumps #DrillBabyDrill agenda signals a larger rejection of the reality of the #ClimateCrisis.
3/9. With escalating #LossAndDamage continuing to devastated communities and countries on the frontlines of the #ClimateCrisis, the Fund must start disbursing grants in 2025.
#News: The #Philippines, facing intensified #climate disasters, demand reparations from major polluters. Advocates push for the CLIMA Bill to hold carbon emitters accountable. #ClimateJustice #LossAndDamage #Ecocide #ClimateAction
https://www.ehn.org/philippines-calls-for-action-on-climate-justice-as-disasters-intensify-2670730755.html?utm_source=mastodon&utm_medium=Palm+Oil+Detectives&utm_campaign=publer
New #COP29 climate finance text is out.
A vague $1.3T target with no teeth, $250B in debt-creating finance, 0 commitment to end fossil fuels & no mention of #HumanRights nor #LossAndDamage.
Rich countries are dodging climate responsibilities & vulnerable nations will again pay the price.
RE: https://bsky.app/profile/did:plc:hib5tyjjcjel3x6kdhrgnasm/post/3lbjxtbvz4c2g
“Trillions, not billions!”
At #COP29, voices from the Global South demand climate finance that is adequate, predictable, and just.
Public finance —not loans— is essential for adaptation, mitigation, and #LossAndDamage.
1/5
While the Southeast of #Spain flooded again,
leaders of Southern Africa met to discuss disaster risk reduction from #ENSO events.
https://www.undrr.org/news/leaders-unite-address-impacts-el-nino-eastern-and-southern-africa
Good to see nation states working together. This past #ElNino has affected 60 million people directly in SouthWest #Africa with the effects of the drought and 5 millions with floods in the East. The incoming #LaNina turns the table: West Southern Africa will flood and the East run dry.
"Nearly 30 million people in Southern Africa face crisis levels of food insecurity."
"Since 2000, climate-related disasters have caused an estimated $540 billion in #LossAndDamage in the region, and such events are becoming more intense and frequent because of #ClimateChange
Sadly, no one spoke of getting to CO2zero asap. But getting independent from fossil fuel imports and related geo-political power games, and getting clean cooking fuel to everyone, and getting rid of toxic air pollution in cities are huge benefits.
EU and NATO offer Zelenskyy qualified support for his victory plan – POLITICO https://www.byteseu.com/505104/ #AidAndDevelopment #Cooperation #Defense #Denmark #DonaldTrump #Europe #Greece #Hungary #insurance #JohnHealey #JordanBardella #KyriakosMitsotakis #LossAndDamage #MarkRutte #Media #MetteFrederiksen #MiddleEast #NATO #NorthKorea #Parliament #RobertFico #RobertaMetsola #Russia #Security #Slovakia #Ukraine #UnitedKingdom #UnitedStates #ViktorOrban #VolodymyrZelenskyy #War #Weapons
Countries on the frontlines of climate change have warned they cannot wait another year for long-sought aid to recover from disasters as floods and hurricanes wreak havoc across the globe #ClimateCrisis #lossanddamage #extremeweather
https://www.france24.com/en/live-news/20240712-we-can-t-wait-another-year-disaster-hit-nations-call-for-climate-aid?utm_source=substack&utm_medium=email
The #Philippines has been chosen to host the board of the "#LossAndDamage" fund created by #UN talks, marking another step towards providing #FinancialHelp for countries to recover and rebuild from the impact of #GlobalWarming.
Last month, the #WorldBank's board approved a plan for the bank to act as interim host of the fund for four years.
Philippines chosen to host climate 'loss and damage' fund board
https://www.reuters.com/world/asia-pacific/philippines-chosen-host-climate-loss-damage-fund-board-2024-07-09/
Not so on #climatefinance. With the delayed fulfilment of the $100bn commitment and a rocky road to agreeing on the new #lossanddamage fund, developing countries’ trust in the multilateral process is diminished.
https://www.swp-berlin.org/en/publication/climate-negotiations-in-times-of-multiple-crises
(3/7)
Analysis: #Africa’s unreported #ExtremeWeather in 2022 and #ClimateChange
by Daisy Dune, October 26, 2022
"From deadly #floods in #Nigeria to devastating #drought in #Somalia, Africa has faced a run of severe – and sometimes unprecedented – extreme weather events since the start of 2022.
"But while the US hurricane season and 40C heat in the UK have captured headlines, many of Africa’s most extreme and life-changing weather events went largely unreported in global-north media.
"Ahead of COP27 in Egypt – which is being referred to as 'Africa’s COP' – Carbon Brief has used disaster data, humanitarian reports and local testimony to investigate Africa’s 2022 extreme weather events – and examined how they could be linked to climate change, according to scientists.
"Carbon Brief’s analysis of disaster records finds that extreme weather events in Africa have killed at least 4,000 people and affected a further 19 million since the start of 2022. However, the impacts of African extreme events often go unrecorded – especially for #heatwaves – and so the true figures are likely to be much higher.
"The investigation also shows that:
Drought and famine have killed 2,500 people in #Uganda and affected eight million in Ethiopia this year [2022]
More than 600 people have died in #Nigeria’s worst floods in a decade. This includes 76 people who were killed when a boat carrying flood victims capsized.
Southern African countries, including #Madagascar and #Mozambique, were battered by six severe storms this year, killing at least 890 people.
Temperatures reached #48C in #Tunisia in July [2022], fanning the flames of extreme #wildfires.
Nearly two million people in #Chad were affected by floods in August and October.
"The toll of extreme weather on African lives is one example of 'loss and damage' – a term to describe how climate change is already harming people, especially the world’s most vulnerable.
"'Africa contributes 4% of global emissions, yet is at the frontline of the loss and damage. #LossAndDamage finance is not negotiable,' #AdenikeOladosu, a climate activist from Nigeria, tells Carbon Brief."
Read more:
https://www.carbonbrief.org/analysis-africas-unreported-extreme-weather-in-2022-and-climate-change/
Climate Finance Delays Could Produce Devastating 3°C Future, WoodMac Warns #ClimateFinance #EnergyTransition #LossAndDamage #Banks #emissions #GlobalSouth https://www.theenergymix.com/climate-finance-delays-could-produce-devastating-3c-future-woodmac-warns/
242 #ClimateReparations #LossAndDamage
This is the most embarrassing 'win' of the century.
It took them 30 yrs to come this ‘far’.
Still a [very, very small] step forward in paying for the damages caused by the years of "happy living" of the few rich countries.
But even now 'they' are still procrastinating, finding ways to be difficult.
It's about money after all...
[Lives are not as important as money]
"The world agreed to create a climate reparations fund. Now comes the hard part."
by Naveena Sadasivam for Grist
[Audio available]
https://grist.org/international/loss-and-damage-board-meeting-climate-reparations-fund/
Quotes:
"A 26-member board is finally beginning work on the U.N.’s new loss and damage fund."
"After three decades of work, advocates for developing countries scored a major win at last year’s United Nations climate change conference in Dubai: World leaders unanimously agreed to set up a climate reparations fund. As the planet warms, the poorest nations are being hit hardest by drought, rising sea levels, hurricanes, and a slew of other climate impacts — even though these countries did the least to cause global warming, compared to their early-industrializing peers."
"The board’s to-do list is long. It ranges from the procedural — selecting co-chairs and agreeing on a host country for the fund — to the more substantive: deciding which countries are eligible to receive funding, how to fundraise and replenish the fund, and whether or not the World Bank will help manage the fund."
"As the main contributors to the climate crisis, wealthy countries are expected to be the primary donors to the fund. But before the fund can begin allocating money to poorer nations in need, a number of decisions need to be made."
"Even if the stalemate between the board and The World Bank is resolved, the board will still have many more thorny questions to work out, including which countries will be eligible to receive money from the fund. In the agreement inked in Dubai last year, countries agreed that the fund’s resources are meant for “developing countries that are particularly vulnerable to the adverse effects of climate change.” But the agreement did not define which countries qualify as “particularly vulnerable."
"“There’s sort of the elephant-in-the-room question, which is when is the fund actually going to get meaningful amounts of money,” said Wu. If the fund receives very little money, the board will end up designing policies meant to facilitate the transfer of millions of dollars — not the trillions that are needed, he said."
@tobeB The people living around the Bay of Bengal (Odisha, West Bengal, Bangladesh) illustrate clearly the issue of #ClimateJustice Their livelihoods are destroyed by our addiction to #FossilFuels They did not cause #ClimateChaos but they reap the consequences. We are the aggressors. #LossAndDamage #Compensation
There is still much emphasis on a #JustTransition, #Adaptation and #LossAndDamage financing at #COP28. Important things. But they amount to NOTHING in a 2°C, 3°C, 4°C, 5°C world of conflict, violence and civilisational collapse. So focus on phasing-out fossil fuels! #COP28UAE
And to make up for the last four years of contributing nothing (and even putting aside the many years of failure under the #Coalition between 2013–19 when finances ought to have been ramping up to meet the 2020 goal), #Australia has a backlog of about $AU20b to be seen as anything like a 'fair' contributor to the #GreenClimateFund, remembering that the US$100b/yr represents only a fraction of what the developing world needs to ensure a just and swift transition to a climate-stable future.
And that's before we consider the #LossAndDamage fund announced a few days ago (another long-term sticking point in #UNFCCC negotiations and a separate piece of international #ClimateFinance), to which Australia has not yet made any kind of pledge.
Until Australia takes credible steps towards those kinds of figures, Australian government promises ought to be treated by all our neighbours as so much smoke.
7/8
#AusPol #ClimatePol