Carasas to seek compensation for impact of climate change on COP27

76
1
Carasas to seek compensation for impact of climate change on COP27

According to a report from a recent regional summit, Caribbean nations will unite to seek loss and damage compensation for the impact of climate change on the upcoming COP 27 climate talks in Egypt.

Small island nations, which are most affected by rising temperatures, are trying to create a loss and damage funding facility to pay for the consequences of climate change that go beyond what people can adapt to.

As a top priority, the Caribbean should push for agreements on the establishment of a loss and damage facility loss and damage response fund at COP 27, and a commitment to further operationalize a facility fund in 2023, reads the report dated Sep 8.

The document was produced from the Caribbean Regional Heads of Government meeting held in August in The Bahamas, which was attended by countries like Barbados, Haiti and Antigua and Barbuda.

Caribbean leaders also highlighted the importance of tourism to regional economies and the increasingly devastating impact of climate change on that industry. An Egyptian official said on Monday that around 90 heads of state have confirmed attendance at the November COP 27 climate negotiations in Egypt, where they will address issues including energy transition and food security at opening sessions.