Countries will grapple with how to pay for loss and damage from global warming, and how to bolster pledges to cut emissions.
suggests that new policies announced by the United States, Europe and others in response to the energy crisis are poised to spur investments in clean energy, potentially enabling a global plateau in emissions by 2025.that global warming helped to fuel the unusually heavy monsoonal rains that caused extreme flooding in Pakistan this year, killing more than 1,700 people and causing tens of billions of dollars in damage to homes and infrastructure.
In Glasgow, countries agreed to establish a dialogue on the topic, but the major negotiating blocks representing low-income countries are calling for action in Sharm El-Sheikh. “This is the one area that has been completely neglected in the negotiations,” says Tasneem Essop, who is based in Cape Town, South Africa, and who is executive director of Climate Action Network International, a coalition of advocacy groups. “Now it is on the political agenda.
“Establishing some kind of funding mechanism is really important, because people are bearing the cost of loss and damage right now,” Falzon says. If it doesn’t happen at this year’s COP, she says, it’s just a matter of time, because low-income countries have made the issue their top priority. That is akin to eliminating a whole year’s carbon emissions from the United States, the world’s second largest emitter. But it still falls far short of what is needed to achieve the goal set out in the Paris agreement: to limit global warming to 1.5–2 °C above pre-industrial levels. If countries follow through on their pledges, global warming could be limited to around 2.
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