COP27 Target for Global South

COP27 Target for Global South

Climate change has left millions of people with the real-life threatening consequences of higher temperatures, rising seas, fiercer storms and unpredictable rainfall, drought and desertification, etc. There has been a global call to Rapidly reduce emissions which is essential to limit temperature rise and secure a safer planet and future for us all, and also assures us of making major investments to protect communities from severe impacts that will continue to worsen over time which includes irreplaceable losses and irreplaceable damages.

However, efforts to curb greenhouse gas emissions and strengthen adaptation and resilience measures are not sufficient to address the rampant spread of climate impacts, thereby, making climate change-induced loss and damage inevitable.

According to UNFCCC, Loss and damage refer to the consequences of climate change-induced disasters that go beyond what people can adapt to, or when options exist but a community doesn't have the resources to access or utilize them. “Momentum for providing funding to address loss and damage finally gained steam during the COP26 climate summit in Glasgow in 2021 and continued at the Bonn UN climate negotiations in Germany in June 2022. So far, a handful of developed countries have signalled some level of support for loss and damage financing including Canada, Denmark, Germany, New Zealand, Scotland and the Belgian province of Wallonia. At the COP27 summit in Egypt this coming November, countries will have a chance to finally establish a mechanism to address this critical need. (Read more about what climate action vulnerable nations need at COP27 with ACT2025’s Call for Enhanced Implementation.)”- World Resource Institute?

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Source: UN Climate Change

Forms of Loss and Damage: Economic losses and damages: These are those affected resources, goods and services that are commonly traded in markets. Simply put, economic losses and damages involve climate change-induced impacts that have a negative critical impact on infrastructures, properties and business activities, as well as disrupt supply chains of production and distribution. E.G Countries that export some food resources now import it.

Non-economic losses and damages: This is considered the most devastating, leading to more adverse extreme losses and damages which ties are irreplaceable losses and damages such as the incalculable toll of losing family members, disappearance of cultures, Migration, displacement, disappearance of ancestry origin, drought and desertification, extinction of species, tradition, and increased rate of Gender Based-Violence, Infectious disease outbreak, Unemployment toll, increased hunger and poverty, etc

Loss and Damage Concerns: The discourse on Loss and Damage has generated more awareness, calling on the need for climate—vulnerable countries in dealing with increasingly systemic climate risks and also seeking support from developed in strengthening adaptation and resilience measures:

  • Finance sources and mechanisms for loss and damage have been presented but lack proper adoption which is not positioned with regard to the whole scope of climate change-induced loss and damage and risks.
  • There have been suggestions that loss and damage should be a risk-based three-tiered mitigation and finance framework, which includes: finance for transformation, risk finance, and curative finance.
  • Free Government-Citizenship-Insurance and Free-Health-Care-Delivery should be considered an approach for slow-event L&D and if not considered, then other risk finance options should be considered, such as social protection (Social protection, as defined by the United Nations Research Institute for Social Development, is concerned with preventing, managing, and overcoming situations that adversely affect people's well-being) and contingency funds (Contingency Fund is created as an imprest account to meet some urgent or unforeseen expenditure of the government/party/individual)

Opportunities?for Loss & Damage

  • Opens room for collaboration and partnerships
  • Increased participation and involvement in nature-based solutions by state and non-state actors of loss and damage
  • Creates an enabling space for just transition
  • Reduce potential/futuristic risk and disasters
  • Promotes the three-tire sustainability economy viz Circular, Blue and Green economies
  • Spotlights other low-carbon options for business and industries
  • Help countries track and monitor their NetZero commitments
  • Regeneration of the ecosystems
  • Enhances food production and sustainable supply chain of production and distribution, Etc.?

Existing Laws for Loss & Damage: There is no existing law or policy or frame for loss and damage; However, The Executive Committee of the Warsaw International Mechanism for Loss and Damage guides and oversees the implementation of the functions of the L&D Mechanism through the workplan Committee. The Executive Committee currently has four thematic expert groups which serve in an advisory role to the work of the Committee. Through these expert groups, the Executive Committee engages a large number of experts, as well as implementing agencies, organizations, and networks with relevant expertise. The focus of the current four thematic expert groups are: slow onset events, non-economic losses, displacement related to the adverse impacts of climate change, and comprehensive risk management and transformational approaches. These Thematic groups form a task force that helps to actualize the aim of the thematic group. There has been no legal document that states on clear terms the regulatory approach to loss and damage.?

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Conclusion: To reduce loss and damage impact, global emitters have to fund the loss and damage facility, it is a non-negotiable option but a necessity to save the Global South from more devastating losses and damages.


At COP27, all approaches to make sure that loss and damage is financed has to be explored and considered a viable tool for loss and damage finance aimed at assisting the Global South, especially most affected people and Areas in mitigating climate change-induced loss and damage. Also, considering the prevention of climate-induced loss and damage in the long term; risk management and disaster relief facility are essential. Better prevention and risk management would facilitate the minimization of the adverse effects of climate change disasters and creates opportunities to transform systems and societies, sustainably. Risk-centred reduction approach should be integrated into National Adaptation Plans (NAPs) and Nationally Determined Contributions (NDCs) of countries. And to reach the most vulnerable people and areas, guidance and assistance are needed in accessing them. Sustainable, adequate, and practicable finance for addressing underlying drivers and risks for climate change-induced losses and damages, including human mobility is of high importance and should be placed as a top priority at COP27 "The African COP".


COP27 - UN Climate Change Conference The POP (Protect Our Planet) Movement Mock COP YOUNGO Climate Tracker Dr. Ash Pachauri Robert Schmitz Tinna Hallgrímsdóttir European Commission COP26 - UN Climate Change Conference Loss and Damage Youth Coalition The Social Change Agency


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#Climatecursader

OBED OMANE OKYERE

Research Lab Assistant at Institute for Environmental and Sanitation

2 年

Loss and damage should also be clearly given more priority in NAPAs and also be where the LEG should focus on to develop a solid framework for compensating loss and damage.

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