A few hours later than planned,
#cop27 is done. It was a chaotic process, not helped by the unecessarily complex venue layout and poorly organised access to food and water. We inched forward on most issues, or at least didn’t backslide. But we still have no concrete delivery plan for the overdue $100bn per year promised by 2020; no progress on the committment to double adaptation finance (let alone to reach equivalency with mitigation funding); and no reason to believe countries will achieve their emissions reduction commitments.
Despite this minimal incremental progress, we saw one significant leap forward in Egypt - agreement to create a specific fund to address climate related loss and damage. A few weeks ago it looked like the issue might not even make the formal agenda. Given wealthy countries’ outright hostility to even discussing it, getting a funding mechanism agreed is a massive achievement by delegates from climate vulnerable nations and civil society.
While this is something to celebrate, as always, many key issues have been pushed to next year - how will the mechanism operate? Which countries will be eligible? What constitutes an incidence of loss and damage? Who will contribute and how much?
This last issue is critical - we’ve seen promise after broken promise on climate finance. It’s hard to imagine wealthy countries allocating significant new funds to this mechanism. My worry is that commitments will be drawn from existing adaptation pledges, which are woefully inadequate. But perhaps I’ll be surprised.