Developing countries are facing, extreme climate impacts one after the other, that they are struggling to find relief from. Yet COP25 has not resulted in a concerted effort to enhance action and support to address loss and damage.
The goals of this year’s UN Climate Talks (COP25) was for it to conclude with the basis needed to strengthen the Warsaw International Mechanism on Loss & Damage, to agree rules to govern the carbon markets of the Paris Agreement, and to establish a new Gender Action Plan.
We are not leaving COP25 with an adequate response to the Climate Crisis.
Global emissions are not on track to peak by 2020, and in Europe emissions from gas have significantly increased. The insufficient efforts of developing countries must end. Scaled-up ambition will help reduce the risks of more irreversible losses and damages.
“The EU and the Member States must intensify their efforts to drastically reduce emissions and enhance their collective ambition for 2030 to 67% emissions reductions and submitting this new climate commitment to the UNFCCC by March 2030” says Floris Faber, EU Representative, ACT Alliance EU.
The principles of equity that underpin the UNFCCC must be upheld now and always. Any attempts to undercut these principles by weakening the obligation of developed countries to slash their emissions and provide climate finance, is contrary to the spirit of the Paris Agreement to act in unison to tackle climate change.
“The voices of vulnerable and marginalised communities in developing countries, including women, young people, indigenous peoples and transgender communities must be heard. Their calls can no longer go unanswered and their human rights must be upheld” says Leia Achampong, Policy Advisor, ACT Alliance EU.
Leaders had the opportunity to leave COP25 by being defined by their commitments to reducing losses and damages. Instead, they are leaving with an agreement to splinter the Green Climate Fund (GCF) into smaller pieces, by inviting the GCF to take up loss and damage, without additionally providing new and additional finance to address loss and damage within the GCF.
A consistent message from the EU during COP25 has been that existing finance is not enough to address the climate crisis. ACT Alliance EU expects the EU and EU Member States to provide new and additional climate finance grants for mitigation, adaptation and loss and damage.
“It’s time to step-up and help fill the finance gap! 2020 must be a year of demonstrable effort to reduce emissions and demonstrable provisions of new and additional finance to developing countries, to address loss and damage” says Faber.
The other missing finance element at COP25 is an agreement on innovative sources of climate finance. Countries did not explore or even discuss how new and additional finance can be mobilised using innovative climate finance.
“Given that the European Investment Bank announced that it will stop financing fossil fuel projects by the end of 2021 , it’s a wonder why the EU hasn’t already announced that these soon to be former fossil fuel subsidies, will be used to provide new and additional climate finance to address loss and damage” says Achampong.
“Countries must agree a way forward on innovative sources of climate finance that is new and additional and can help address the losses and damages that are currently being felt in developing countries’’ continues Faber.
Leia Achampong, Policy Officer, Climate Justice, ACT Alliance EU: email@example.com +32 466 36 50 87.
- ACT Alliance EU (2019): COP25 expectations paper ‘How Can The EU Ensure That COP25 Results In Climate Just Outcomes?’
-  Global Carbon Budget (2019). https://www.globalcarbonproject.org/carbonbudget/
-  UNEP Emissions Gap Report (2019). https://www.unenvironment.org/news-and-stories/press-release/cut-global-emissions-76-percent-every-year-next-decade-meet-15degc
-  BBC (2019). https://www.bbc.com/news/business-50427873