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More than 40 million people in the Horn of Africa are currently experiencing climate induced hungers crisis.
Pakistan is faced with $30 billion worth of loss and damage from the recent mass floods.
Global south need access to formal funds now. #COP27 pic.twitter.com/MUV4ymHlCL
— Nyombi Morris (@mnyomb1) November 18, 2022
So many things in this world just come down to “give more money to black people.”
It’s almost like giving money to black people is the only reason white people exist. We go out and work so that they can have more and more.
It’s a bit like slavery, actually.
Climate negotiators on Friday were mulling a European Union proposal aimed at resolving an impasse over financing for countries hit by climate-fuelled disasters and pushing the U.N. climate summit in Egypt closer to a final deal.
The EU proposal agreed to set up a special fund for covering loss and damage in the most vulnerable countries – but funded from a “broad donor base”.
That suggests high-emitting emerging economies like China would have to contribute, rather than having the fund financed only by rich nations that have historically contributed the most to global warming.
“What we would propose is to establish a loss and damage response fund for the most vulnerable countries,” EU climate policy chief Frans Timmermans told the COP27 summit.
The loss and damage issue has dominated this year’s summit, with more than 130 developing countries demanding that the meeting deliver a deal on a new fund to help them cope with the irreparable damage of floods, drought and other climate impacts.
Interesting.
Seems very fact-based.
Climate finance must be inclusive, gender sensitive & directed to the most affected communities.
We need a #LossAndDamage Finance Facility @UNFCCC ! #COP27
Thank you @nhyacinthe791 for your hard work and the good discussions. See you at our next strategy meeting 😉 pic.twitter.com/Q5yAXtOESf
— Kathrin Henneberger (@KathrinAnna) November 18, 2022
I’m sure they’re really worried about stopping the weather, primarily.
The money is just a side bonus.
