Rich Countries ‘Pushing Back’ on Paying for Climate Loss –

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Addis Ababa, November 8, 2021 (Walta) – Vulnerable countries at COP26 say rich nations are pushing back against their attempts to secure compensation for the damage caused by climate change.

Poorer countries see it as critical that money for loss and damage be part of negotiations this week.

Negotiators agreed in Paris in 2015 to address the issue, but there is no agreement on who should pay for it.

Rich nations are said to be resisting any commitments as they do not want to accept liability and risk being sued.

Developing countries argue that rich countries are responsible for most of today’s climate change impacts because they started emitting carbon much earlier than the rest of the world.

“Loss and damage is still a taboo for developed countries,” said Alpha Oumar Kaloga, one of the lead negotiators of the Africa Group, who also represents Guinea in the Least Developed Countries bloc (LDC). The majority of the 46 countries in the LDC bloc are in Africa.

“During negotiations, we have been repeatedly arguing that loss and damage need to be mentioned in a separate column in the climate finance reporting papers of developed countries because such losses and damages are happening all over the world,” Mr. Kaloga said.

The resistance from rich countries behind closed doors is particularly frustrating when they are at the same time “talking about transparency in this whole process.”

A report by the Organisation for Economic Co-operation and Development (OECD) this year showed that in 2019, about 25% of climate finance from developed countries went towards adaptation – preparing for extreme weather events, or building seawalls, for example – while the rest went to fund projects to reduce carbon emissions.

Poor countries say climate change is impacting on communities with such intensity that they can no longer adapt, but instead need financial support to rebuild or to move away.

As a holder of the COP presidency, the UK has been coordinating the talks. A spokesperson said the UK was “listening to the views of all parties and the final text will be agreed by consensus”.

(Source: BBC)

 

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