The Business Times
business-time-50
WEALTH & INVESTING
·
SUBSCRIBERS

COP27 must follow through towards a just transition

Making progress on the issue of loss and damage is fundamental to enabling a just transition to a resilient and more equitable net-zero world

google-preferred-sourceAdd BT as a preferred source
    • As climate disasters such as Pakistan’s catastrophic flooding wreak havoc, developing nations are right to demand reparations and climate justice.
    • As climate disasters such as Pakistan’s catastrophic flooding wreak havoc, developing nations are right to demand reparations and climate justice. PHOTO: AFP

    Alexander Bernhardt

    Published Fri, Nov 18, 2022 · 04:59 PM

    IN THE run-up to the just-ended United Nations Climate Change Conference (COP27) in Egypt, climate justice had been high on many nations’ agendas, with three words – loss and damage – dominating the pre-conference discourse.

    The issue of loss and damage – whereby those nations impacted most by the effects of climate change (that is, the Global South) are compensated by those historically responsible for its amplification (the Global North) – has long been a sticking point at annual COP negotiations.

    Rich nations have traditionally pushed back against the matter to avoid debates around climate change blame and liability, but the tide appears to be turning.

    cop27Net zero

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Net interest income fell 5% to S$2.2 billion.

    OCBC Q1 profit rises 5% to S$1.97 billion, beats estimates

    The Court of Appeal found the seller's conduct serious enough to justify a much higher award than the High Court had granted.

    Singapore Instagram seller must pay Louis Vuitton S$510,000 in damages over counterfeit goods case

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More