• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

For First Time, COP27 To Discuss Paying Poorer Nations For Climate Damages

November 7, 2022 by Deborah Bloomfield

Hailed as a “historic” moment for international climate justice, the heated topic of “loss and damage” finally made it onto the agenda at COP27. This means that the ongoing climate summit in Egypt must include discussions about richer nations helping to pay poorer nations to help them deal with the mounting damage linked to global warming. 

Loss and damage is climate jargon referring to the harm and costs caused by the climate crisis, including the damage from extreme weather events we’re already seeing – such as hurricanes, heatwaves, wildfires, and drought – as well as the impact from slower burning consequences of climate breakdown – such as the sea-level rise and melting glaciers.

Advertisement

In many cases, developing countries are already experiencing the harshest impacts of climate change but are the least to blame for the greenhouse gas emissions that caused the crisis. 

As such, developing countries and activists have been pushing for loss and damage discussions since COP meetings started in the early 1990s, but it has continually been sidelined by richer nations who would have to foot the bill.

Finally, the issue has made it to the summit’s agenda for the first time, following intense preliminary negotiations that concluded Sunday evening in Sharm El-Sheikh, Egypt. 

Advertisement

“The inclusion of this agenda reflects a sense of solidarity and empathy with the suffering of the victims of climate-induced disasters and to this end, we all owe a debt of gratitude to activists and civil society organizations who have persistently demanded a space to discuss funding for loss and damage. And that’s provided the impetus needed to bring this matter forward”, Egypt’s Foreign Minister and COP27 president Sameh Shoukry reportedly said.

#ClimateChange is about consumption of the very richest 💸 people in our global society.

50% of global emissions are emitted by just 10% of the population.

90% of global emissions by 50% of the population.#COP27 needs to recognise climate justice & the rich💰must change NOW pic.twitter.com/DgkZH3jf8j

— Professor Mark Maslin (@ProfMarkMaslin)

Pakistan, which was hit by historic flooding this year that was supercharged by climate change, is said to be one of the countries that led the push for this topic to make the summit’s agenda.

In the small print, the agenda says that this will not involve countries accepting liability for climate change. However, Shoukry added that delegates should set up a process for dealing with loss and damages “no later than 2024”.

Advertisement

Another major theme of this year’s COP is implementation, so it’s still important that world powers actually act on their words. However, the discussions about who should be paying out for climate damages –  and how much – are likely to be anything but straightforward. 

“It’s historic that loss and damage finance is at last on the agenda at COP. The details should be decided by 2024 at the latest, but this should not be used to further delay,” Ines Benomar, Loss and Damage expert at independent climate think tank E3G, said in a statement seen by IFLScience.   

“It is crucial that parties engage in meaningful discussions at COP27 to ensure the highest ambition outcome for loss and damage financing is achieved, and that all options available both inside and outside the UNFCCC are considered well within the proposed timeline”, continued Benomar.

Deborah Bloomfield
Deborah Bloomfield

Related posts:

  1. Exclusive-China’s Miniso to double U.S. stores, add NY ‘flagship’ as pandemic slashes mall rents
  2. European shares turn positive as easing U.S. inflation data offsets luxury drag
  3. Japan’s Aso urges joint monetary, fiscal policies to spur inflation
  4. Soccer-Rashford receives honorary doctorate from University of Manchester

Source Link: For First Time, COP27 To Discuss Paying Poorer Nations For Climate Damages

Filed Under: News

Primary Sidebar

  • Project Hail Mary Trailer First Look: What Would Happen If The Sun Got Darker?
  • Newly Discovered Cell Structure Might Hold Key To Understanding Devastating Genetic Disorders
  • What Is Kakeya’s Needle Problem, And Why Do We Want To Solve It?
  • “I Wasn’t Prepared For The Sheer Number Of Them”: Cave Of Mummified Never-Before-Seen Eyeless Invertebrates Amazes Scientists
  • Asteroid Day At 10: How The World Is More Prepared Than Ever To Face Celestial Threats
  • What Happened When A New Zealand Man Fell Butt-First Onto A Powerful Air Hose
  • Ancient DNA Confirms Women’s Unexpected Status In One Of The Oldest Known Neolithic Settlements
  • Earth’s Weather Satellites Catch Cloud Changes… On Venus
  • Scientists Find Common Factors In People Who Have “Out-Of-Body” Experiences
  • Shocking Photos Reveal Extent Of Overfishing’s Impact On “Shrinking” Cod
  • Direct Fusion Drive Could Take Us To Sedna During Its Closest Approach In 11,000 Years
  • Earth’s Energy Imbalance Is More Than Double What It Should Be – And We Don’t Know Why
  • We May Have Misjudged A Fundamental Fact About The Cambrian Explosion
  • The Shoebill Is A Bird So Bizarre That Some People Don’t Even Believe It’s Real
  • Colossal’s “Dire Wolves” Are Now 6 Months Old – And They’ve Doubled In Size
  • How To Fake A Fossil: Find Out More In Issue 36 Of CURIOUS – Out Now
  • Is It True Earth Used To Take 420 Days To Orbit The Sun?
  • One Of The Ocean’s “Most Valuable Habitats” Grows The Only Flowers Known To Bloom In Seawater
  • World’s Largest Digital Camera Snaps 2,104 New Asteroids In 10 Hours, Mice With 2 Dads Father Their Own Offspring, And Much More This Week
  • Simplest Explanation For “Anomalous” Signals Coming From Underneath Antarctica Ruled Out
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version