Cop27, the first draft of the document on the agreements for "loss and damages" of global warming

A

document on the establishment of a fund to

(

) of global warming has been published on the website of the United Nations Framework Convention on Climate Change, the UN climate agency.

The draft was prepared after the first week of negotiations at the

in

.

The working document provides for the launch of a two-year process, which will lead to the implementation of the fund in 2024. Two options are indicated on the process: the appointment of an

commission , or a less structured negotiation, entrusted to various bodies under the direction of the Framework Convention itself.

According to the

(

) NGO, “in the negotiation there is a

, to arrive at a decision in 2024, carried forward by the developed countries;

, carried out by developing countries”.

The draft, according to ECCO, “presents various options for where the funding for

might come from and what processes to include, but makes no decision as to what outcome, procedural or substantive, should be pursued here at COP27.

So the discussion continues over the next few days."

Chiara Di Mambro, who belongs to the

, believes that "the problem in the negotiation is

, then find a

, decide for how long they will have to be paid the funds, finally

compensation for these losses and damages”.

The richest countries, in particular, want a very precise definition of the methods for providing refreshments, fearing excessive disbursements.

And this obviously slows down the bottom formation process.

Afp

Sameh Choukri, president of COP27

The work of the second week of COP27

The road that should lead, in the second week of negotiations at the Cop27, underway in Sharm el-Sheikh, to an agreement among the delegates participating in the international climate conference is therefore all uphill.

"A lot of work remains to overcome" the divisions between rich countries, most responsible for heating, and poor ones, which ask for aid and recognition of the "damages and prejudices" suffered.

This was stated by the president of the Conference,

, at the opening of the proceedings, specifying that “

, but much

to

and tangible results to be proud of.

We have to change speed”.

At the summit, which should end on Friday 18 with the signing of an agreement, the issues to be resolved mainly concern the

, adaptation to the predictable effects of climate change and the financial aspect linked to the

mentioned above, which often affect the poorest nations and are partly unavoidable.

The other crucial issue is the place of fossil fuels in Africa in a context of global energy transition.

pay

Another image of Choukri, president of Cop27

“The peoples and the planet expect this process to deliver on its promises.

We need to build the bridges needed to make progress on the 1.5C

limit , adaptation, financing, losses and damages,” UN climate agency chief

said on Twitter .

A year ago, at the previous

, around 200 countries pledged to "keep alive" the most ambitious goal of the Paris Agreement, signed in 2015, i.e. limiting global warming to +1.5° C compared to the pre-industrial era,

for COP27.

But so far

, putting the planet on track for a

warming .

To turn the tide, the first week of the Sharm el-Sheikh summit didn't see many announcements, with the exception of

.

According to several observers,

, already expressed in the past, to see a reference to the +1.5° goal in the final declaration, instead insisting on the main objective of the Paris Agreement of " remain significantly below” +2 degrees.