Global South Campaigners Applauded for Securing Loss and Damage Fund in COP27 Deal

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Global South Campaigners Applauded for Securing Loss and Damage Fund in COP27 Deal
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'This is a testament to the incredible mobilization of vulnerable countries and civil society. Much work still to be done but a dam has broken.' CenterForBioDiv

"This is a testament to the incredible mobilization of vulnerable countries and civil society," said one campaigner."Much work still to be done but a dam has broken.

"With the creation of a new Loss and Damage Fund, COP27 has sent a warning shot to polluters that they can no longer go scot-free with their climate destruction,"Harjeet Singh, head of global political strategy at Climate Action Network International."From now on, they will have to pay up for the damages they cause and are accountable to the people who are facing supercharged storms, devastating floods, and rising seas.

Like the final deal out of COP26 in Glasgow last year, the document stipulated that countries must accelerate efforts to draw down their use of coal power, but did not call for a phaseout of all fossil fuels including gas and oil. "This is the make-or-break decade, but what we have in front of us is not enough of a step forward for people and planet," Frans Timmermans, vice president of the European Commission,While noting that climate campaigners notched a major accomplishment by pressuring the U.S. to end its opposition to loss and damage funding, writer George Monbiot said COP27 was ultimately"a terrible failure.

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