Climate funding must be faster and easier, says deputy PM of flood-hit Somalia

Salah Jama said vulnerable countries face ‘bureaucratic bottlenecks’ in receiving loss and damage funds and are often forced to take them on as debt

Funding to support vulnerable countries to repair the irreversible damage caused by the climate crisis needs to be fast tracked and easy to access, Somalia’s deputy prime minister has said.

Salah Jama said a deal on a loss and damage fund made on the first day of Cop28 last week was “welcome news for frontline states like Somalia” but, he said: “Implementation needs to be fast tracked. Bureaucratic bottlenecks in accessing the financing have to be fixed.”

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‘The science compels: phase out fossil fuels’ – Mary Robinson responds after Cop28 row – live

Former president of Republic of Ireland makes first comments since Sultan Al Jaber told her a fossil fuel phase out could mean ‘going back into caves’

Alok Sharma, an MP for the Conservative party in Britain and president of Cop26 that was held in Glasgow two years ago, has made some comments about Al Jaber’s presidency: “everyone should be questioned,” he says.

Environment ministers from Germany and Colombia have led an open letter calling for the inclusion of nature in the global stocktake outcome, which countries are negotiating at Cop28.

“The GST provides a critical moment to recognize the importance of just and inclusive means of implementation, and address the significant finance gap for nature-based solutions,” said Muhamad. “In particular, the involvement and respect for the rights of Indigenous Peoples and local communities is critical, in addition to the urgent need to align financial flows to enable the transformations required to deliver the Paris Agreement goals.”

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Al Jaber says comments claiming there is ‘no science’ behind demands for phase-out of fossil fuels were ‘misinterpreted’ – Cop28 as it happened

Cop28 president and oil chief says phase-down and phase-out of fossil fuels is essential and says his comments were misrepresented

John Kerry, the US special envoy for climate was just asked on the BBC Radio 4 Today programme in the UK what he thinks of Damian Carrington’s scoop that Sultan Al Jaber said there was ‘no science’ behind demands for phase-out of fossil fuels.

He was very diplomatic in his response and appeared to give the oil chief and Cop28 president the benefit of the doubt.

“What you have to do is clearly reduce the emissions. They have made it clear we need a 43% minimum reduction in emissions by 2030, and we need net zero 2050 in order to meet the goal of keeping 1.5. We’ve got all kinds of ways of getting there. Renewables are the one technology we really know we can deploy today and it has the impact we need.”

“We are not only signed up to that, president Biden on behalf of the US voted to join the g7 where we said we must phase out unabated fossil fuel. We have to do that yes otherwise you cannot reach net zero by 2050. What we are trying to figure out is how we can capture those emissions, or reduce those emissions, or not make those emissions in the first place.

“I think the only question here is not whether or not you are going to reduce emissions, it’s what means are you going to use to go at this to provide the energy you want for your country but also keeping faith with the reduction of the emissions that are creating the climate crisis.”

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Cop28 live: UAE climate chief’s comments ‘incredibly concerning’,

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The British prime minister, Rishi Sunak, has been facing criticism at home for the brevity of his visit to the climate conference, having visited for less than a day. He has also been accused of hypocrisy for pushing for a phase-out of fossil fuels only weeks after approving new oil and gas licences in the North Sea.

Al Gore, the former US vice-president, said: “I am not impressed with prime minister Sunak’s climate policies. I think they’re terrible. They’re very disappointing.”

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Cop28 live: UK and US among 22 countries to call for tripling of nuclear by 2050

Hosts the UAE also signed the declaration, which drew a mixed reaction

For the first time at a Cop the UNFCCC, which organises the summits, has published the full list of participants in spreadsheet format, making them far easier to analyse.

Carbon Brief have looked at the provisional figures, and found that 84,101 people are registered to attend, 3,074 of whom are attending virtually.

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New push for debt relief to help developing world fund climate action

Cop28 hears poorest nations spend at least 12 times as much to service debts than on tackling global heating

The fight against the climate emergency is being hampered by a debt crisis that involves the world’s poorest countries paying more than 12 times as much to their creditors as they are spending on measures to tackle the impact of global heating, a campaign group has warned.

As the Cop28 meeting opened in the United Arab Emirates, Development Finance International (DFI) said a new round of comprehensive and deep debt cancellation was needed to free up much-needed investment in climate emergency adaptation.

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‘Loss and damage’ deal struck to help countries worst hit by climate crisis

Governments draw up blueprint for fund to be administered at first by World Bank after tense Abu Dhabi talks

Countries have agreed key measures to supply funds to the world’s most vulnerable people to repair the damage from climate breakdown.

Governments from richer and poorer countries drew up the blueprint for a new “loss and damage” fund after a tense two-day meeting under UN guidance in Abu Dhabi that ended late on Saturday night.

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Climate crisis talks resume on ‘loss and damage’ funding for poorest countries

World leaders will reconvene in Abu Dhabi before UAE’s Cop28 after talks broke down two weeks ago

Governments will meet this weekend for a last-ditch attempt to bridge deep divisions between rich and poor countries over how to get money to vulnerable people afflicted by climate disaster.

Talks over funds for “loss and damage”, which refers to the rescue and rehabilitation of countries and communities experiencing the effects of extreme weather, started in March but broke down in rancour two weeks ago.

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Climate adaptation finance to Africa must increase tenfold, research shows

Countries forced to choose between climate resilience, fighting poverty and paying debts, says Ban Ki-moon

The flow of climate adaptation finance to Africa must increase up to tenfold by 2035 to meet the deepening effects of the climate crisis, according to research.

As the Africa Climate Summit continued in Nairobi, campaigners spoke of the desperate need to get funding to people who are already being affected by climate change. Africa, the region most impacted by the climate emergency, receives only 3% of global climate finance.

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African leaders at odds over climate plans as crucial Nairobi summit opens

Oil-producing African nations argue they should be able to use fossil fuel resources for economic growth

African leaders and campaigners are at odds over the way forward for the continent as a critical climate summit begins in Nairobi.

Some countries, such as Ethiopia, Kenya, Egypt and South Africa, have been expanding their renewable energy access and leading transition efforts on the continent, according to the International Renewable Energy Agency.

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Paris climate finance summit fails to deliver debt forgiveness plan

Countries in debt distress thrown financial lifeline but critics say measures fall short of what is needed

Poorer countries struggling with a growing debt crisis were thrown a lifeline at a global finance summit in Paris but the plans still fell short of the debt forgiveness programme that some had hoped for.

Progress was made on reforms that would help address the climate emergency, as nearly 40 world leaders and the heads of global institutions met in Paris for the summit, which ended on Friday.

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Wealth tax of 0.5% could cover UK’s share of loss and damage fund, says charity

International fund set up at Cop27 is intended to provide compensation to countries worst hit by climate breakdown

A tax on wealthy Britons of just 0.5% could more than meet the UK’s entire “fair share” contribution to the international loss and damage fund established to support countries worst hit by global climate breakdown, a charity has suggested.

Taxing 5p of every £10 of individuals’ wealth over £1m would raise £15bn a year by 2030, well in excess of an estimated $15bn (£12bn) UK contribution to the new fund, according to an analysis by the anti-poverty campaigners Christian Aid.

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World’s biggest investment fund warns directors to tackle climate crisis or face sack

Norway’s sovereign wealth titan threatens to vote against boards on firms it holds investments with over lax climate and social targets

Norway’s sovereign wealth fund, the world’s single largest investor, has warned company directors it will vote against their re-election to the board if they don’t up their game on tackling the climate crisis, human rights abuses and boardroom diversity.

Carine Smith Ihenacho, chief governance and compliance officer of Norges Bank Investment Management, which manages more than 13tn Norwegian kroner (£1tn) on behalf of the Norwegian people, said the fund was preparing to vote against the re-election of at least 80 company boards for failing to set or hit environmental or social targets.

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Gordon Brown says China must pay into climate fund for poor countries

Former prime minister says US and Europe will pay biggest share of loss and damage fund, but China must too

China must pay into a new fund for poor countries stricken by climate-driven disaster on the basis of its high greenhouse gas emissions and large economy, the former UK prime minister Gordon Brown has said.

“America and Europe will have to provide most, but China will have to contribute more too,” he told the Guardian.

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‘We couldn’t fail them’: how Pakistan’s floods spurred fight at Cop for loss and damage fund

With the deadly devastation fresh in the world’s mind, Pakistan pushed for damage funds with other frontline countries

In early September, after unprecedented rainfall had left a third of Pakistan under water, its climate change minister set out the country’s stall for Cop27. “We are on the frontline and intend to keep loss and damage and adapting to climate catastrophes at the core of our arguments and negotiations. There will be no moving away from that,” Sherry Rehman said.

Pakistan brought that resolve to the negotiations in Sharm el-Sheikh and, as president of the G77 plus China negotiating bloc, succeeded in keeping developing countries united on loss and damage – despite efforts by some rich countries to divide them. Its chief negotiator, Nabeel Munir, a career diplomat, was backed by a team of savvy veteran negotiators who had witnessed the devastation and suffering from the floods, which caused $30bn (£25bn) of damage and economic losses. Every day, Munir repeated the same message: “Loss and damage is not charity, it’s about climate justice.”

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Rich nations relent on climate aid to poor at Cop27

Developed countries agree to ‘loss and damage’ fund for vulnerable nations, but delay approving wider deal

The world’s poorest countries have scored a historic victory at the Cop27 climate summit, after countries agreed to set up a fund to help poor countries being battered by climate disasters, but delayed approving a wider deal outlining global resolve to fight climate change.

After tense negotiations that ran through the night, the Egyptian Cop27 presidency early on Sunday released a draft text for an overall agreement – and simultaneously called a plenary session to gavel it through as the final, overarching agreement for the UN summit.

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EU president says Cop27 deal is ‘small step towards climate justice’ but warns much more to be done – as it happened

Despite breakthrough on fund for developing nations, Ursula von der Leyen says Cop27 has not delivered on commitment to phase down fossil fuels

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The main sticking point of Cop27 has been over the creation of a loss and damage fund – finance provided by rich nations to poorer ones to help them prepare for and recover from the worst impacts of climate breakdown.

Some, especially in the rightwing press, have framed this as “reparations”, a highly loaded term. It’s also misleading, as under article 8 of the Paris climate agreement it is explicitly made clear that loss and damage “does not involve or provide a basis for any liability or compensation”.

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Summit to be extended to Saturday as talks remain gridlocked – as it happened

The European Union has backed a loss and damage fund, one of the key demands of developing countries at the climate talks

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The low-lying Pacific island of Tuvalu has been reacting to the EU’s proposal on “loss and damage”. Its finance minister, Seve Paeniu, called for support for phasing out all fossil fuels, language so far missing from the draft Sharm el-Sheikh agreement.

He described the EU position on loss and damage as a “breakthrough”.

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Imprisoned activist’s lawyer denied access at Egyptian jail during climate summit – as it happened

British-Egyptian Alaa Abd el-Fattah, who has been on hunger strike for months, stopped drinking water when Cop27 began

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We promised you the full story on fossil fuel lobbyists, and here it is.

There are more than 600 fossil fuel lobbyists at the Cop27 climate conference, a rise of more than 25% from last year and outnumbering any one frontline community affected by the climate crisis.

While the average delegation at Cop1 was 88% male and 12% female, this has shifted over time. For example, Cops 23 to 25 all had an average gender balance of 62% male to 38% female, while Cop26 had a balance of 64%-36%.

The provisional gender balance of Cop27 is similar, clocking it at 63% male to 37% female.

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