Today is the day to demand results from the most critical compromise of COP26: after G77+China demanded a Loss and Damage finance facility, they were fobbed off with the Glasgow Dialogue. Now ECO came across this great recipe for preparing a successful Glasgow Dialogue that can at least live up to its potential. A filling main dish that really supports those most impacted by the climate crisis,to prevent the bitter aftertaste of a talk-shop without results.
To avoid a bland taste and disappointing expectations, you need the following ingredients:
A good portion of: concrete outcomes that provide adequate, new and additional support for the most vulnerable people and countries in addressing L&D.
Avoid: duplication of previous dialogues – but focus on existing gaps and ways to increase finance including to address L&D and respective channels to provide it.
Add liberally: clear modalities of a L&D finance facility:
Its institutional arrangements, sources of predictable, sustainable, adequate and additional L&D finance
Equitable and direct access for vulnerable developing countries based on needs and priorities.
At COP27 in Sharm-el-Sheik countries must set-up a L&D finance facility. Subsequently, the Glasgow Dialogue should flesh out the operationalization of such a facility, including how L&D finance is delivered and how it can be made accessible for the most vulnerable. Here at the SB56 Parties must pave the way to prepare for it.
Add generously: definition of concrete steps and meaningful outcomes to be achieved at the end of each year until 2024.
Instructions:
To achieve a satisfying and successful result, make sure to put everything together as follows:
An open dialogue, that facilitates views of different country groups and is transparent as well as accessible for different stakeholders to participate. But watch out: “Open” does not mean without an outcome – please do not confuse!
Root the Glasgow Dialogue in the UNFCCC’s foundational principles of equity, justice, fairness, and access, incl. Common But Differentiated Responsibilities and Respective Capabilities, Polluter-Pays, Do-No-Harm.
ECO recognizes that some countries in the Global North are now acknowledging the urgent need for supporting developing countries with L&D finance. But actions speak louder than words. So be sure that ECO is watching – not only today but until the Glasgow Dialogue finally results in tangible support for those who most urgently need it.