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Climate Reparations Now! The case for EU support for loss and damage financing

Climate Reparations Now! The case for EU support for loss and damage financing

10 Nov 2022 | 10:00-12:00

European Parliament – Brussels – ASP1G2

Register here 

The climate crisis is already destroying lives and livelihoods. Research predicts that losses from climate change could reach $580 billion annually by 2030. Global South countries have been demanding climate reparations for decades now, to only have their demands fall on deaf ears by the world’s richest countries, nowhere more so than at the yearly COP. Thanks to the Glasgow Climate Pact from COP26, the ball is now rolling with the Glasgow Dialogue on Loss and Damage, with a vision for some sort of financing mechanism for these climate reparations…. but what about losses and damages occurring today? Do the people impacted have to just… wait? How are the poorest of the poor meant to build back in a sustainable way? And how can we address the inherent injustices of the climate crisis?

The EU should be advocating an ambitious and immediate loss and damage financing facility, which sufficiently meets loss and damage needs – to allow societies to build back after climate crisis impacts hit and to reinvent when livelihoods are lost. This event will explore the moral imperative for urgent loss and damage finance and trace the steps for what needs to happen at COP27 to put justice in action.


PROGRAMME

Panel 1: the moral imperative for loss and damage finance now

Panel 2: what should happen at COP27?