Saatja: Valentina Barbagallo
<
[email protected]>
Saadetud: 03.11.2022 17:08
Adressaat: <
[email protected]>; MKM info <
[email protected]>
Koopia: Friederike Roder <
[email protected]>
Teema: Ahead of COP
Dear Madam, dear Sir,
ahead of COP, E3G and Global Citizen would like to share our
recommendations with you. Please find attached a letter for the attention
of Minister Kallas and Minister Sikkut.
Please let us know if you want to discuss any of our proposals in more
detail.
Kind regards,
Valentina
Valentina Barbagallo
Senior Advisor for Government Relations, EU & Climate
+32471682943| @v_barbagallo
Paris, 3 November 2022
Dear Minister Kallas, dear Minister Sikkut,
Climate change is expected to push 132 million more people into extreme poverty by 2030. Yet,
in the past months we have seen sweltering heat and wildfires, droughts and extreme flooding
sweep through across continents and cause death and catastrophic destruction. This is not a
crisis of the future. Bold decisions can no longer wait.
Ahead of COP27, I would like to share with you Global Citizen’s key recommendations for action,
to ensure the success of negotiations and to rebuild trust with the Global South.
1. Climate Finance: Delivering on the $100B per year promise on climate finance through
2025 is crucial and developed countries should immediately fill the existing $16.7B gap.
This funding must be new and additional to Official Development Assistance, include
significant increases for adaptation in view of a 50/50 split and prioritize grants over
loans. In addition, countries must push for a more ambitious post-2025 finance goal,
co-created with developing countries and climate vulnerable communities, in view of
agreement at COP29.
2. Adaptation: Deliver on the commitment made at COP26 to double adaptation funding at
the latest by 2025, outline a three-year plan to actualise adaptation targets and improve
access to adaptation funding for smallholder farmers. This must include channeling
significant agriculture adaptation resources to rural communities and smallholder
farmers.
3. Loss and Damage: Build on the Glasgow Dialogues and Global Shield against Climate
Risks and agree to set up a Loss and Damage financing facility under the UNFCCC and
the Paris Agreement. This must be resourced with finance in the form of grants, with
direct access modalities, to be released at speed and scale to communities affected by
climate change and extreme weather events.
4. Global Financial Reform: Beyond the climate finance agenda, countries facing cascading
energy, food, and pandemic crises must be supported to stop the debt crisis in its tracks
and keep fiscal headroom to be able to invest in climate action. Action on debt relief,
re-channeling Special Drawing Rights to those who need it, and increasing the lending
room of MDBs particularly for climate lending are critical steps. These all need to be
delivered outside of COP27, but ministers and leaders should use the COP27 stage to
show their support and make calls for making our global financial architecture work better
for climate and development goals.
5. Fossil Fuels Phase Out: Adopt concrete plans to phase out fossil fuel subsidies by 2025
or sooner, and reinvest these funding in clean, just, and sustainable energy systems, and
green recoveries. COP27 must put an end to fossil fuels, including gas. In addition,
governments must commit to a full coal phase-out by 2030, as a major step towards net
zero.
Now is the time to deliver on the promise of a just and fair transition; one that leaves no-one
behind and delivers especially for the poorest and most vulnerable countries struggling with
inflation, hunger, and increased health risk.
We hope to be able to count on your leadership and look forward to working with your team to
discuss our proposals.
Yours sincerely,
Friederike Roder Ronan Palmer
Vice President, Global Associate Director, Clean
Advocacy Economy
Global Citizen E3G