Cop27 live: Pacific islands call for global tax to mitigate climate disasters


(Getty Images)

Small island nations bearing the brunt of climate change have called on Big Oil to pay for the growing damage caused by ocean storms and rising sea levels, the Prime Minister of Antigua told delegates today of the COP27 climate summit in Egypt.

Gaston Browne’s comments kicked off the second day of speeches by heads of state and government at the two-week conference in the resort town of Sharm el-Sheikh.

“The oil and gas industry continues to generate nearly US$3 billion in profits per day,” Browne said, speaking on behalf of the Alliance of Small Island States.

“It is high time these companies were forced to pay a global carbon tax on their profits as a source of loss and damage financing. Prodigal producers of fossil fuels have enjoyed exorbitant profits at the expense of human civilization. While they enjoy it, the planet burns.

The Polynesian island state of Tuvalu has joined Vanuatu in calling for an international treaty to phase out the use of fossil fuels.

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World Bank to Host Climate Disaster Risk Facility, President Says

The World Bank will host a new facility that will help countries that suffer severe economic losses from climate change-related disasters, its president David Malpass said.

Malpass announced the new instrument, called the Global Shield Financing Facility, during a meeting with German Chancellor Olaf Scholz, who led efforts by G7 members to create a program that allows vulnerable countries to access financing and disaster risk insurance.

Mr Scholz announced at the United Nations climate change conference in Egypt on Monday that he would offer 170 million euros for the Global Shield programme.

Aisha RimiNovember 8, 2022 1:02 p.m.

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‘We only have one shot’: John Kerry and Michael Bloomberg join forces to help cities cut emissions

Billionaire businessman Michael Bloomberg and the US State Department have joined forces to help cities around the world reach net zero and become more resilient to climate change.

Climate envoy John Kerry and Mr. Bloomberg, the former mayor of New York, launched a major climate action plan at COP27 on the eve of the midterm elections in the United States .

The first initiative of its kind, dubbed the Subnational Climate Action Leaders’ Exchange (SCALE), will see an investment of $1.5 million from the US State Department and Bloomberg to help cities around the world reduce their emissions.

Aisha RimiNovember 8, 2022 12:49

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Austria pledges $50m for climate ‘loss and damage’

Austria has pledged $50 million over the next four years to developing countries facing unavoidable damage and loss from climate change, the climate ministry said.

A small group of European nations have agreed to hold their first formal loss and damage talks – a shortcut for cash-rich polluters that would pay poorer countries facing inevitable damage from worsening floods, drought and sea level rise.

Belgium, Denmark, Germany and Scotland have also pledged small amounts for loss and damage funding, breaking ranks with other wealthy countries that have resisted such payments for fear of spiraling liability. for their disproportionate contribution to climate change.

The funds could support the “Santiago Network,” a United Nations program providing technical support to countries dealing with damage from climate-fueled natural disasters, and a program providing early warning systems to weather-prone countries. extremes.

“The most vulnerable countries in the South are particularly suffering from the consequences of the climate crisis and are rightly asking for more support from industrialized countries,” said Climate Minister Leonore Gewessler.

She said Austria would also add an additional €10 million to this year’s budget for climate finance.

“Austria is taking responsibility,” Ms Gewessler said.

Aisha RimiNovember 8, 2022 12:34

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Zimbabwe President Attends Skypower Global Framework Agreement Signing

The President of the Republic of Zimbabwe, Emmerson Dambudzo Mnangagwa, has just witnessed the signing of the Skypower Global Framework Agreement Addendum at the Zimbabwe Pavilion in Sharm el-Sheikh, Herald Zimbabwe reports.

The Skypower agreement provides for the installation of a 500 megawatt solar power plant in the country.

Maryam Zakir-HussainNovember 8, 2022 12:16 p.m.

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Germany’s climate envoy says talks ‘got off to a pretty good start’ after agenda fight was sidelined

German climate envoy Jennifer Morgan says talks in Egypt “got off to a pretty good start” after a potential battle over the agenda was averted when countries agreed to formally discuss the issue financial support to poor countries for the losses and damages they suffer as a result of the global crisis. warming up.

Morgan said on Tuesday she hoped there would be a “meaningful outcome” on the issue at the two-week talks, along with countries setting more ambitious targets to cut emissions and agreeing ways to ensure the money paid to fight against global warming is in line with the objectives of the Paris agreement of 2015.

“The most vulnerable families (should) know that we are on their side and that there will be more support right there for them when this damage occurs,” she told The Associated Press. “Exactly what that will look like is the negotiation here.”

Asked about the possible impact of the US midterm elections on the talks, Morgan said individual votes “cannot change the fact that we are in a climate emergency”.

The Biden administration’s recent climate law has given the United States “a higher level of reputation” internationally, she said.

Maryam Zakir-HussainNovember 8, 2022 12:01

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Tuvalu joins Vanuatu in seeking fossil fuel phase-out treaty

The Polynesian island state of Tuvalu has joined Vanuatu in calling for an international treaty to phase out the use of fossil fuels.

“Warming seas are starting to swallow our lands – inch by inch,” Tuvalu Prime Minister Kausea Natano said during a call for the UN summit. “But the world’s dependence on oil, gas and coal cannot sink our dreams beneath the waves.”

Tuvalu is the first nation at COP27 and only the second country in the world to request what is officially known as the Fossil Fuel Non-Proliferation Treaty. It follows Vanuatu, the Pacific island state, which called for a treaty at the United Nations General Assembly in New York in September.

Our climate correspondent Saphora Smith in Sharm el-Sheikh reports:

Maryam Zakir-HussainNovember 8, 2022 11:34 am

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Africa has ‘world’s greatest decarbonization potential’, says Ghana’s president

Speaking at COP27 in Egypt, Ghana’s President, Nana Akufo-Addo said, “With its vast land, Africa has the greatest potential to help decarbonize the world by absorbing carbon dioxide through to regenerative agriculture that requires less fertilizer and reforestation with high biodiversity. contents.

“My government is proud to announce that Ghana will launch projects in these areas, which will tackle both global and national climate change and social issues by providing people with dignified and sustainable jobs.

“I am also proud to announce that Ghana has launched its energy transition framework and is co-chair of the Forest and Climate Leaders Partnership with the United States.”

Maryam Zakir-Hussain8 November 2022 11:29

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Israel and Jordan move forward with water-for-energy deal

Israel and Jordan on Tuesday signed a memorandum of understanding to move forward with a water-for-energy deal after an initial review of the project proved its feasibility.

The idea, first announced a year ago, is for Jordan to build 600 megawatts of solar generation capacity that would be exported to Israel. In return, Israel would provide water-scarce Jordan with 200 million cubic meters of desalinated water.

Jordan and Israel sign a memorandum of understanding for a water-for-energy deal

(Getty Images/iStockphoto)

The MoU was signed during the COP27 climate summit in Egypt at an event hosted by the United Arab Emirates, which in 2020 became the first Gulf state to normalize relations with Israel and has been partners in the project.

The Middle East is highly vulnerable to climate change and this will be the first such cooperation between the countries.

Maryam Zakir-HussainNovember 8, 2022 11:15 am

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Confirm ‘proof of life’ family urge UK government as Egyptian Briton enters day two of water strike

The family of British-Egyptian prisoner Alaa Abd El-Fatteh have urged Rishi Sunak not to return from Cop27 without a British official providing ‘proof of life’ as the activist enters the second day of his strike water that risks its survival.

The activist’s aunt, Ahdaf Soueif, said the family feared the British government would be “pushed” by Egypt following confirmation that Rishi Sunak had raised the matter with President Abdel Fattah El-Sisi.

The family primarily called for Mr. El-Fatteh’s release, but also asked that he be allowed to receive consular visits while in detention, writes Thomas Kingley.

Maryam Zakir-Hussain8 November 2022 11:00

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In pictures: start of the second day of COP27 talks in Egypt

International leaders and special envoys speak on day two of the climate summit in Sharm el-Sheikh.

US Climate Envoy John Kerry speaks as he attends the opening of the US pavilion at the COP27 climate summit in the Egyptian resort town of Sharm el-Sheikh

(Reuters)

Michael Bloomberg, businessman and former mayor of New York, speaks at the American pavilion

(Getty Images)

South African President Cyril Ramaphosa delivers remarks at the COP27 climate conference leaders’ summit

(AFP via Getty Images)

Maryam Zakir-HussainNovember 8, 2022 10:45 am

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