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Updated Climate Brief: Closing Plenary @ 4am Egyptian Time [1]
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Date: 2022-11-19
COP27 continues past its Friday deadline into the early Sunday hours in Sharm el-Sheikh, Egypt, with many delegatations already heading home and officials announcing the closing plenary will begin at 4 am. (6 pm Pacific).
x Eerie atmosphere as #COP27 empties itself. There won’t be an agreement before some more long hours. Some delegations have left already. Depressing to think that the future of cooperation on climate change is being decided in such conditions. pic.twitter.com/KOaCXoSRdM — François Gemenne (@Gemenne) November 19, 2022
The climate talks appeared on the verge of collapsing Saturday morning when the EU threatened to walk out of the negotiations.
“The EU is united in our ambition to move forward and build on what we agreed in Glasgow,” EU climate chief Frans Timmermans said, flanked by a group of European energy ministers. “Our message to partners is clear: We cannot accept that 1.5C dies here and today.”
Bloomberg reports:
The breakthrough on loss and damage came with the addition of a line that ensures funds will go only to the most vulnerable countries, like small island states and least developed nations. The text also includes a reference that could include other countries -- like China -- contributing to solve the problem. The European demand for global emissions to peak by 2025 and a pledge to phase down all fossil fuels weren’t in the latest version of text, but work was ongoing to find language that could assuage European concerns.
Loss and damage refers to funding for reparation for the devastating impacts of climate change on poor nations and communities.
“We are happy with this outcome because it’s what developed countries wanted – though not everything they came here for,” Erin Roberts, founder of the Loss and Damage Collaboration, told CNN in a statement. “Like many, I’ve also been conditioned to expect very little from this process. While establishing the fund is certainly a win for developing countries and those on the frontlines of climate change, it’s an empty shell without finance. It’s far too little, far too late for those on the frontlines of climate change. But we will work on it.”
Alex Scott, a climate diplomacy expert at the think tank E3G views today’s development on loss and damage as a first step but says getting the funding tied down is always complicated. Case in point: the failure of the Global North to meet its $100 billion annual pledge to the Green Climate Fund.
"I think this is huge to have governments coming together to actually work out at least the first step of ... how to deal with the issue of loss and damage," Scott said.
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