The outcome of COP 27 in Sharm El Sheikh treated the consequences – loss & damage, but not the cause – fossil fuels. It was a huge victory to get loss and damage funding. This is to be celebrated.
We cannot rest yet. There is no mention of oil and gas in the COP 27 outcome. The math is simple: more fossil fuels burned means more adaptation and loss and damage costs. This victory is unbalanced. Anything that is unbalanced is doomed.
We have hope because it’s not the COP sessions that change the world, it’s the actual work that goes on after governments have made those promises. We have hope because we have been working behind the scenes and monitoring progress at the G7, G20, the United Nations, the World Bank and the IMF for several years now. We have hope because our volunteers are doing fantastic work around the world. We have hope because we know that the tracks have been laid for a resilient and equitable future and the train is about to leave the station. Consequently, we have hope because we know that the transformation of the economy will not be linear.
Change is coming. Find out how you can help and spread hope.
And an added thought for fun. We need to name if we are to tame it:
Bye bye fossil fuels