In response to the draft textual content which the ministers are negotiating on loss and harm finance, Oxfam’s Local weather Change Coverage Lead, Nafkote Dabi stated:
“Because the COP27 enters the ultimate essential days, it’s a disgrace that wealthy international locations – particularly the US – proceed to reject calls from the G77 Group, representing 134 growing international locations, for a loss and harm fund to be established right here at COP27.
“Oxfam is in full help of the G77’s place and is saddened that the inclusion of Loss and Injury within the COP27 agenda stays a political sport for developed international locations, who might possible exit this summit with no settlement on the best way ahead. The ideas that underpin the worldwide local weather dialogue – accountability, fairness, justice, equity – have left the convention room.
“Greater than 40 million individuals within the Horn of Africa are at present experiencing local weather induced hungers disaster. Pakistan is confronted with $30 billion price of loss and harm from the current mass floods that left a 3rd of the nation below water. It’s essential that growing international locations can entry a proper fund to pay for the damages and losses they’re already struggling at this time.
“Wealthy international locations should meet their $100 billion annual purpose for local weather finance along with establishing a brand new Loss and Injury fund that’s match for function, accessible and gender responsive. It’s lengthy overdue – the decision for L&D finance was made 30 years again. Wealthy international locations should heed the pressing name and ship a loss and harm fund at COP27.”
Spokespeople out there for interviews. Please contact:
Florence Ogola in Kenya | firstname.lastname@example.org | +254 715115042 and +254733770522
Sophie Bowell within the UK | SBowell@oxfam.org.uk | +44 (0) 7810 814980