In a long overdue decision, all governments at COP27 agreed to set up a Loss and Damage Fund. This is a first step in a process to rectify the systemic injustice to billions of people, particularly in the Global South, who are the least responsible but are on the frontlines of the climate crisis. Those who are suffering devastating climate impacts; floods, droughts, hurricanes and sea level rise, will have some hope that their right to access support will be respected.
The creation of the Loss and Damage Fund is also a clear victory for civil society groups across the world, who made this issue a priority and used their power to put sustained pressure on rich nations to take responsibility for the crisis they have historically caused.
While COP27 delivered on addressing the consequences of the climate crisis – it failed to address the root cause of the crisis: Fossil Fuels. With no agreement to have a fair and equitable phase out of all fossil fuels – coal, oil and gas, it has laid bare the capture of this process by fossil fuel lobbyists and vested interests. The agreement to scale up investment in renewable energy for the first time in this process is welcomed but without a strong outcome on phasing out all fossil fuels, governments risk breaching 1.5°C.
With the support of people from all walks of life and the passionate advocacy of global activists, this win was made possible.
It shows that together we can all spark a change!
Watch out for our upcoming campaigns and support us to keep 1.5 degrees alive.