A major breakthrough, a historic moment. By now, we’ve all heard the spin on #cop27 and it’s decision to create a Loss&Damage fund. And whilst the decision merits praise for ensuring that negotiations didn’t simply break down, here are good reasons to judge this as a Bad Cop:
1. Loss&Damage itself. There is no fund, there are no rules for such a fund, there is no definition of loss&Damage, there is no money for the fund and there is an understanding that there won’t be any liability for causing the loss and damage. Much of this is to be clarified by next COP, but before it is operational much time and money is lost compared to using existing mechanics.
2. Emissions reductions aren’t happening. Without reducing emissions, there can be no safe future, new funds or not, and whilst some are excited about the 1.5-degree target still being in the text, more and more scientists point out that in reality we are heading towards the double or more, and negotiations about deep emission cuts brought nothing concrete.
3. The decision on Loss&Damage obscures that the 100 billion USD in international climate finance is not forthcoming; rarely has a COP been so devoid of new financial pledges. The long-term financial goal doesn’t have to be agreed upon before 2025, but COP27 showed little progress.
4. With the Paris Agreement the world is no longer divided into a few developed countries with quantities emissions reductions targets, and the rest without, as in the old Kyoto Protocol. Instead we have Common But Differentiated Responsibilities. But China and Arab states have increasingly turned back to the previous order, including on Loss&Damage. With many of these countries now being large emitters, that simply won’t do.
5. The limits of voluntary agreements. At COP26 it was decided that all countries were to update their NDCs to this COP. Only a handful bothered to do so, and most of these didn’t strengthen the targets or measures. At COP the 170+ countries that didn’t do what was agreed on were not even criticized, and of course not punished or sanctioned- the UNFCCC can dono such thing. This unfortunately proves that COP decisions can be safely ignored if you want to – putting even the minor advancements of this COP in danger.