The organization will set a condition so that the countries with the biggest environmental burden have the biggest contribution
Greenpeace welcomes countries’ agreement at COP27 to establish a Loss and Damage Fund as an important step in progress towards climate justice. But, as is often the case, “the devil is in the details,” he says.
According to the Organization, governments have laid the foundations for a fund that should have been created years ago to provide vital aid to vulnerable countries and communities already devastated by the accelerating climate crisis.
“Until the last minute the negotiations were in danger of breaking down completely and there was pressure to make no commitments on Loss and Damage. It took organized pressure on the part of developing countries, which stood up to them, to include a relevant commitment in the final text and to listen to the demands of climate activists for meaningful action,” said Yeb Saño, director general of the Greenpeace Southeast office. of Asia and head of the Greenpeace mission to the COP.
“The establishment of the Loss and Damage Fund in Sharm El-Sheikh is a valuable and necessary lever of pressure that must be used by the communities and countries that are on the front lines of the effects of climate change, with the help and support of civil society, and with solidarity as a key weapon”, he added Yeb Saño.
However, according to WWF: “As discussions on the Fund progress, we must ensure that the countries and companies that bear the greatest responsibility for the climate crisis will make the greatest contribution. This means new and additional funding for developing countries and communities vulnerable to the climate crisis, not only for losses and damages, but also for adaptation and mitigation. Developed countries must keep their word on the existing commitment of $100 billion in annual support to countries with low income to help them implement carbon reduction policies and increase resilience to the effects of the climate crisis. They must also implement their commitment to double adaptation funding.”
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