The ExCom #19 took place in anticipation of the fourth meeting of the Transitional Committee, a body providing recommendations for the Loss and Damage Fund established at COP27. This report focuses on the collaboration of ExCom and the Adaption Fund, as insights from existing funds are crucial for the design of the Loss and Damage Fund.
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The climate crisis continues to intensify worldwide. However, the main culprits of the climate crisis have so far shown a lack of financial support for dealing with loss and damage. The decision to set up a loss and damage fund at COP27 was a historic milestone after several developed countries had blocked it for many years. At COP28 in Dubai, the fund must now be made operable and filled adequately.
We at Germanwatch are grateful to Saleemul for the initiatives and memories we shared, learning from each other and him, and his commitment to a more climate-friendly world. The memory of him will give us additional energy to stand up for the concerns of those particularly affected by climate change, even in times of multiple geopolitical crises, and to advocate for key building blocks of climate justice such as Loss and Damage and the 1.5°C limit. Thank you, Saleem!
In this brief, BUND and Germanwatch examine cases of environmental degradation in value chains of European companies, for example impacts of land use, pesticides, or gas and oil operations. We also provide analyses of how proposals for the EU Corporate Sustainability Due Diligence Directive cover these impacts and highlight the pivotal role of the European Parliament in this matter.
Global consumption of raw materials at this point is not sustainable for the Earth. Germany consumes an above-average of resources compared to other countries. If they were to consume as much as Germany, it would take three Earths to satisfy global demand. We therefore welcome the German government’s initiative of a National Circular Economy Strategy to reduce raw materials demand, but press for adverse effects for the Global South to be addressed.
