Tag Archives: COP28

Loss and damage deal agreed at COP27 in glass half empty conclusion

It was always expected that a deal on tackling climate change and compensating for its consequences would go to the wire. And indeed, beyond the wire with the Conference of the Parties overrunning from Friday until an agreement early this morning.

There is still unpacking to do on what was achieved. But the glass is perhaps half full as the developed world has agreed to the principle of reparation for loss and damage for extreme climate events, such as the extraordinary flooding we have seen in Pakistan recently and the extreme drought in Africa and elsewhere. But the glass is at least half empty because there is no money on offer. That will have to decided at a future COP or decided on an ad hoc basis (which is what is done with overseas and emergency aid anyway).

The glass is very much half empty because there seems to have been no commitment to an ending of fossil fuel use, even among rich nations such as ours and the USA. The agreement today is for phasing down fossil fuel use, not phasing out. It is not clear that limiting global warming to 1.5° is now achievable. That of course will lead to more reparation payments, providing those countries responsible for most historical emissions pay up.

Posted in Op-eds | Also tagged and | 9 Comments
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