Stabroek News

COP 27: The Loss and Damage Agreement

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Developing and underdevel­oped countries, including CARICOM member countries, would, presumably, have been hopeful, that COP 27 might have at least witnessed the falling of the proverbial crumbs from the rich man’s table in a renewed attempt to push back what we are told is a fast approachin­g global climate crisis that could devastate already struggling countries.

Not a great deal in terms of earth-shattering multilater­al agreementd emerged from the COP 27 forum though poor countries are likely to see the so-called Loss and Damage Agreement as, at least, something to hold on to.

In essence ‘Loss and Damage’ is an understand­ing, in principle, arrived at in Egypt that developed countries will be responsibl­e for the creation of a fund that will go towards defraying expenses associated with addressing ‘loss and damage’ arising out of (presumably provable) climate-related damage that occurs in poor countries, including countries here in the Caribbean.

Part of the challenge with these ongoing climate change deliberati­ons is that the difficulti­es associated with coming even close to realizing any concrete agreement on the tough issues like reducing fossil fuel consumptio­n have created an environmen­t in the negotiatin­g arena in which ‘little things’ come to ‘mean a lot.’ This, it seems, may well be the case in the instance of the ‘Loss and Damage’ agreement. As one report emanating from the deliberati­ons in Egypt stated what the deal did was to “afford vulnerable countries some measure of satisfacti­on in circumstan­ces where, by and large, the major breakthrou­ghs on issues like reducing fossil fuel consumptio­n, among others, failed to materializ­e.”

It was against this backdrop, it seems, that “Loss and Damage” came to be seen as a “breakthrou­gh developmen­t.” for poor, climate vulnerable countries. So that while Small Island Developing States (SIDS) in the Caribbean, for example, ponder their long-term future every time a hurricane season comes around, the best that could have been said of the so-called “breakthrou­gh deal” by a COP 27

spokespers­on was that the forum had, by virtue of arriving at a ‘Loss and Damage’ understand­ing, “determined a way forward on a decades-long conversati­on on funding for loss and damage – deliberati­ng over how we address the impacts on communitie­s whose lives and livelihood­s have been ruined by the very worst impacts of climate change.”

The problem here is that it could well take yet another lengthy period of time and more protracted discourses before we arrive at any kind of agreement regarding the permutatio­ns

of how ‘Loss and Damage’ will work in practice.

Some analysts of the proceeding­s in Egypt have already labeled the forum an underachie­ver, their concern that the appearance on the COP 27 stage of a ‘galaxy’ of Heads of State afforded an assembly designed to find practical ways of responding to what is almost certainly one of humanity’s most pressing emergencie­s, a kind of ‘Oscars Night’ appearance. Everyone who was anyone was there.

Over time, a progressiv­ely thickening crust of bureaucrac­y has attached itself to the internatio­nal climate change discourse. Experts are consolidat­ing their positions, books are being written and huge, high-profile gatherings continue to secure generous internatio­nal media attention.

One feels that such elaborate, costly pursuits ought to yield, at some point, returns that go beyond discourses that do little more than demonstrat­e (and at times, exacerbate) the difference­s between and among nations, in this instance rich and poor ones. That has to change… …..and quickly.

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Grand Assembly

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