The Progressive


A project of Common Dreams

For Immediate Release

Contact Frances Leach for spokespeople/further information on the GJN Climate campaign on +447761386244

Delays by Richer Countries Over the Funding for the Countries Worst Affected by Climate Breakdown Are "Reprehensible"


Reacting to the news that there was still no deal in place for the financing of Loss and Damage at COP27, Daniel Willis, Climate Policy Lead at Global Justice Now, said:

"Rich countries need to stop holding up talks and evading their historic responsibility for loss and damage. The countries most impacted by climate chaos are calling for a new UN fund to provide predictable, additional compensation for loss and damage - more dialogue on insurance schemes is not good enough.

They needn't worry about how they would finance a new fund - there is a clear case for greatly increased taxation on fossil fuel companies, with the Big 5 corporations reporting $170 billion in profit in the past 12 months. Over 600 of their lobbyists are here at COP, including even on some country's negotiating delegations, so it's not hard to imagine where the hold-up might be coming from.

With only a few days left, it is reprehensible that rich countries are using more dither and delay to try and hold back climate justice when lives are being lost and futures eroded."

Global Justice Now is a democratic social justice organisation working as part of a global movement to challenge the powerful and create a more just and equal world. We mobilise people in the UK for change, and act in solidarity with those fighting injustice, particularly in the global south.

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