WJI2030 Insights Newsletter: Dec 2022

COMMENTARY – COP27 – WJI 2030 Urges No Backsliding on Targets; Welcomes New Fund for Loss and Damage

WJI 2030 urges no backsliding on agreements secured at the COP27 Summit in Egypt, including limiting global warming to 1.5 degrees Celsius, and welcomes the new fund for loss and damage as a means of helping to safeguard the most vulnerable communities.

It is vital to push forward a bolder, more ambitious agenda to protect the environment and endangered people, and WJI 2030 supports all efforts to raise environmental standards.

“Major emitters must do more to keep the 1.5 C goal alive,” says Iris Van Der Veken, Executive Director of the WJI 2030.

Iris added, “WJI 2030 welcomes the landmark new fund for loss and damage as it will contribute to better conditions for countries — and communities — hardest hit by climate change.

“The agreement at COP27 was a positive step in responding to the devastating impact that global warming is already having on vulnerable countries.”

Countries closed the U.N. climate summit in November with an agreement to create a fund to help poor countries being battered by climate disasters.

WJI 2030 urges prompt and efficient action to establish the fund. The agreement at COP27 has set out a roadmap for resolving questions such as who will oversee the fund, how the money will be distributed, and to whom.

The Initiative is driving forward its mission to accelerate positive impact in building climate resilience, as well as preserving resources, and fostering inclusiveness.

“We hope to discuss these concrete actions and roadmaps with our members and hear their thoughts and vision,” Iris says.