Your Guide to COP29: A Tamer but Still Tumultuous Affair
African countries are going to COP with a long menu of agenda items to address: the new finance target (NCQG), revised NDCs, adaptation, mitigation and just transitions, loss and damage, and trade. In this explainer we discuss the key issues, points of contention, and some of the African positions ahead of the COP.
Loss and Damage Finance: Youth-led COP29 Expectations and Demands
Lamis Elkhatieb from the Loss and Damage Youth Coalition writes on the group’s expectations for COP29 on loss and damage finance, and the operationalisation of the Fund for Responding to Loss and Damage.
Water Insurance Rescues Climate Troubled Communities
Loss and damage discussions have continuously pointed to the need for insurance to fill the gap. Water insurance is becoming an increasingly popular mechanism in Africa, but does it have the enabling environment and financial backing to operate at scale?
No Consensus in the IPCC for a Loss and Damage Assessment or When it will Finalise its Next Major Reports
Last month, countries could not agree on whether to accelerate the pre-2028 delivery dates for the IPCC’s upcoming reports on the latest climate science. African countries will, however, welcome the decision to update the IPCC’s technical adaptation guideline, however the decision to not provide a special report on loss and damage will only frustrate efforts to progress loss and damage finance.
Loss and Damage Fund Recommendations Finalised
In a bittersweet victory, the Transitional Committee has finally arrived at a set of recommendations on the design of the Loss and Damage Fund ahead of COP28. It, however, entails hosting it at the World Bank and developed countries have no obligation to financially contribute. The US has also refused to approve it. Negotiators at the COP will now need to deliberate on whether to adopt the proposal.
Where are we on the Loss and Damage Fund?
Slow but important progress on the design elements of a loss and damage fund is being made. Developing country positions are unified and clear, however we still need agreement on where the fund will sit, what it funds, who contributes and who benefits.
Who Will Pay? Wheels start to turn within the ICJ and Loss and Damage Transitional Committee
Both the ICJ and the Loss and Damage Transitional Committee will have to answer who will pay for climate change loss and damage.
Transitional Loss and Damage Fund Committee Finally Established
The Loss and Damage transitional committee tasked with operationalising the new fund has finally been established. They will make recommendations on the design of the fund and in doing so will have to deal with contentious debates around who contributes, who benefits and where the fund will sit within the broader regime.
Vanuatu publishes a Draft Resolution requesting an ICJ Opinion on Climate Legal Liability
Vanuatu, as part of a coalition of 18 states, has recently made available and intends to commence negotiations on a draft United Nations General Assembly resolution that requests an International Court of Justice Advisory Opinion on climate change legal liability. In our analysis, we discuss some of the legal considerations around the draft text and speculate on what it might mean for loss and damage.
Inter-Parliamentary Union supports a Loss and Damage Fund, but US states it won’t get it past Congress
The Assembly of the Inter-Parliamentary Union (IPU) recently voted in favour of the emergency resolution put forward by Pakistan on the creation of “a Global Fund/Financing facility for climate Vulnerable Countries to Address Loss and Damage Associated with Climate Change”, with more than 645 votes in favour. Parliamentary support is a key component in whether a loss and damage finance facility is agreed to internationally and can be highly influential on executive action. The US recently stated that while it is open to discussing the facility, anything that would need to go through the US Congress was a non-starter.
