Loss and Damage

Loading...

A new Climate Damages Tax report has been published by Stamp out Poverty. The first was published in 2018 before the Loss and Damage Fund was agreed at COP28 which was kick-started by the UAE’s $100 million pledge. By 2 December 2023, a cumulative total of $655.9 million had been pledged to the Loss and…

Loading...

The newly released IPCC Synthesis report reiterates the fact that we must act now if we stand any chance of preventing global temperatures rising above 1.5C. Guterres called for rich countries to stop fossil fuel exploration now and coal, oil and gas consumption by 2040. IPCC Press Release: Urgent climate action can secure a liveable…

Loading...

In (a) historic warning to the Security Council, Secretary-General Guterres linked human rights in the face of climate breakdown to international peace and security. Global heating and related climate disruption are happening faster than expected. We are seeing the effects of climate pollution, like warmer air and water, ice loss, prolonged droughts, year-round wildfire seasons,…

Loading...

During its first ever debate on the implications of rising sea levels it is reported that the UN Security Council heard that ‘Rising seas pose “unthinkable” risks to billions around the world, with profound implications for security, international law, human rights and the very fabric of societies’. Antonio Guterrres addressed the debate…….. Mr. President, Dr.…

Loading...

National Carbon pricing policies may harm the industries of the countries which impose them if manufacturers decide to relocate to avoid payment, so there is no actual global reduction of emissions. For this reason the principle of Carbon Border Adjustment Mechanisms (CBAM), was developed, whereby importers of products or fuels pay the difference between the…

Loading...

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…

Loading...

COP27 was, as probably expected, not as successful as hoped, with the usual last minute compromises and climb downs. Alok Sharma was once again, visibly upset… “Emissions peaking before 2025 as the science tells us is necessary? Not in this text,”… “Clear follow-through on the phase-down of coal? Not in this text. Clear commitment to…

Loading...

Worldwide adverse weather events this summer have reinforced the moral imperative of Loss and Damage funding, in particular the damage caused by flooding in Pakistan, a nation which contributes less than 1% of worldwide greenhouse gas emissions. Last year there were several papers which argued for the solution of a global Climate Income policy to…