CAN INTERVENTION: SBI CLOSING PLENARY, COP26
November 2021
Globally, We have entered the era of loss and damage and therefore feel we must repeat that COP26 must
- Decide to provide sufficient and needs-based Loss and Damage finance, in addition to the 100bn dollars per year. Loss and Damage finance must also be included in the post-2025 climate finance target.
- Establish a process to identify the scale of funding needed to address Loss and Damage as well as suitable mechanisms to deliver the finance to developing countries. The outcome must be presented at COP27.
- Support developing countries in enabling national level systems to distribute Loss and Damage finance to ensure country ownership, gender responsiveness and self-determination. This could be facilitated by the fully operationalized Santiago Network for Loss and Damage.
In addition, COP26 needs to deliver on the 1.5-degree limit. To this end, the cover decision of COP26 must therefore
- Recognize the importance to limit warming to 1.5C
- Recognize relevant scientific reports assessing the emissions gap & the urgency of stronger action to limit global warming to 1.5C
- Commit to raising mitigation ambition for 2030 emissions reductions
- Commit to phase out fossil fuels
- And mandate the UNFCCC Secretariat to produce an updated annual NDC synthesis report, to be released prior to COP27 and COP28
CAN is extremely disappointed that human rights language was deleted from the final text of the decision on the Glasgow Work Programme on Article 12 of the Paris Agreement.
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