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CoP 27 to Discuss Loss and Damage Financing

Delegates at the twenty-seventh United Nations Climate Change Conference of the Parties (CoP27) have agreed to put the controversial “loss and damage financing” issue among agenda items for world leaders to deliberate during their meeting in Sharm el-Sheikh Egypt.

Discussions on loss and damage financing were frustrated at the previous global climate summit CoP26 in Glasgow, Scotland.

The world leaders will look at how to assist countries that are suffering the most from climate change effects.

Different stakeholders blame developed countries for climate change and have called on them to support least developed countries (LDCs)with funds in climate adaptation.

Environmentalist from Niger Karami Lawali, head of non-governmental organization Land Management and Forest Production told Zodiak rich countries who have contributed greatly to climate change should take responsibility and help countries that have contributed less to the problem.

Said Lawali, “I am glad that finally loss and damage financing has been included on the agenda for this CoP. I look forward to fruitful discussions.

Least developed countries, especially in Africa, need support to adapt to this climate change.”

In a statement recently, the umbrella civil society on climate change in Africa, Pan African Climate Justice Alliance said delegates should prioritize Africa and resolve all issues that impede its access to finances.

Malawi’s minister responsible for Climate Change issues Eisenhower Mkaka believes that CoP will be about fulfilment of pledges made during previous CoPs.

“It makes no sense for us to continue getting pledges from those that have contributed more to the problem. We think this is time for action,” said Mkaka.

Loss and damage refer to the destructive impacts of climate change that can neither be avoided by mitigation nor adaptation.

Leaders in government, Civil society, industry and finance from around the world have converged on Sharm el-Sheikh, Egypt for a climate change summit from 6 to 18 November, to among others discuss clean energy solutions and climate adaptation financing.

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