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WEALTH & INVESTING

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

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    • 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

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