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COP27
Posted: Fri Nov 04, 2022 12:01 pm
by Grumble
Are we going to see anything substantive at all come from this latest COP?
Reasons for optimism: renewable electricity is gathering a proper momentum now, and hopefully countries will therefore feel more able to commit to transitioning their grids.
Re: COP27
Posted: Sun Nov 06, 2022 10:01 am
by Bird on a Fire
The "loss and damages" discussion will be interesting - how will polluting countries be made to pay their fair share for adaptation and recovery following climate crisis-induced catastrophes, e.g. Pakistan this year and the coming eradication of various island nations from the map.
Rich polluting countries also need to commit to upholding their previous commitment to climate finance, which they're currently shirking.
I also want to see improved detail on plans to reduce the stem of capital into new fossil fuel projects (lol at UK legalising fracking while chair of COP, but Sunak was actually quite well spoken on this in Glasgow
https://www.gov.uk/government/speeches/ ... day-speech but I've not kept up with how implementation is going, and of course it needs to work internationally.
Re: COP27
Posted: Sun Nov 06, 2022 10:18 am
by Grumble
Bird on a Fire wrote: ↑Sun Nov 06, 2022 10:01 am
The "loss and damages" discussion will be interesting - how will polluting countries be made to pay their fair share for adaptation and recovery following climate crisis-induced catastrophes, e.g. Pakistan this year and the coming eradication of various island nations from the map.
Rich polluting countries also need to commit to upholding their previous commitment to climate finance, which they're currently shirking.
I also want to see improved detail on plans to reduce the stem of capital into new fossil fuel projects (lol at UK legalising fracking while chair of COP, but Sunak was actually quite well spoken on this in Glasgow
https://www.gov.uk/government/speeches/ ... day-speech but I've not kept up with how implementation is going, and of course it needs to work internationally.
There was a good discussion on the Volts podcast about fossil financing and how financiers get around their stated commitments to not fund new projects.
https://overcast.fm/+oT_l8qCMg
Re: COP27
Posted: Sun Nov 06, 2022 11:24 am
by discovolante
Grumble wrote: ↑Sun Nov 06, 2022 10:18 am
Bird on a Fire wrote: ↑Sun Nov 06, 2022 10:01 am
The "loss and damages" discussion will be interesting - how will polluting countries be made to pay their fair share for adaptation and recovery following climate crisis-induced catastrophes, e.g. Pakistan this year and the coming eradication of various island nations from the map.
Rich polluting countries also need to commit to upholding their previous commitment to climate finance, which they're currently shirking.
I also want to see improved detail on plans to reduce the stem of capital into new fossil fuel projects (lol at UK legalising fracking while chair of COP, but Sunak was actually quite well spoken on this in Glasgow
https://www.gov.uk/government/speeches/ ... day-speech but I've not kept up with how implementation is going, and of course it needs to work internationally.
There was a good discussion on the Volts podcast about fossil financing and how financiers get around their stated commitments to not fund new projects.
https://overcast.fm/+oT_l8qCMg
Thanks for mentioning this podcast by the way, I haven't listened to any yet but I've subscribed.
Re: COP27
Posted: Mon Nov 21, 2022 11:40 pm
by Bird on a Fire
Nice post here summing up the Loss and Damages stuff
https://theplanet.substack.com/p/cop27- ... rd-for-the
It's genuinely an important win. Rich countries have agreed to be on the hook for compensation payments to poor countries damaged by climate change. A big breakthrough in something that's been asked for since Rio 92 after decades of Western stonewalling. So, some solid good news from this COP.
For an idea of the sums involved:
The devastating floods in Pakistan this summer, which killed about 1,700 people with estimated damages of $40 billion, served as a powerful reminder to all delegations in Sharm el-Sheikh how much is at stake.
Another indication of what's at stake is provided in a report that 55 vulnerable nations presented last June. It estimated the total cost of climate-related losses over the past two decades to be $525 billion, or about 20% of their combined GDP. Some studies predict that by 2030, these losses might reach $580 billion yearly.
I don't expect rich countries will ever come remotely close to paying for all the damage they're causing, but it'll be interesting to see the developments over the next year and negotiations at the next COP.
Which is in the UAE. This year's was bad enough for fossil industry infiltration, but next year they're hosting.