The environmental and development organisation Germanwatch points out that fossil fuel companies will have to disclose climate risks in their risk reports and have them externally audited. The reason for this is a new study by a team of researchers from the renowned London School of Economics and Political Science, which shows a clear connection between climate litigation and share price losses of affected companies.
Huaraz
More than 50,000 inhabitants of the Andean city of Huaraz are threatened by a flood wave due to global warming. The Andean farmer and mountain guide Saúl Luciano Lliuya decided to take action: On 24 November 2015, he filed a lawsuit against the energy company RWE in a German civil court. One year after the court visit to Huaraz, the expert report will finally be available this summer. A hearing at the Higher Regional Court of Hamm is expected later this year.
The climate lawsuit of the Peruvian Andean farmer and mountain guide Saúl Luciano Lliuya against the energy company RWE has entered the decisive phase six and a half years after the lawsuit was filed: After a long delay, especially due to the Corona pandemic, a site visit took place this week in the Andean city of Huaraz. Judges of the Higher Regional Court (OLG) of Hamm (Germany), legal advisors and experts travelled to Peru to examine whether the plaintiff's house is threatened by a possible flood wave from the glacier lake Palcacocha above the city. The entire danger zone in Huaraz actually covers an area where around 50,000 people live.
The Coronavirus pandemic has delayed the collection of evidence in the trial between the Peruvian farmer Saúl Luciano Lliuya and the German utility RWE at the Upper State Court in Hamm (Germany). Nevertheless, a new scientific study is providing credence to the legal claim: a prestigious team of researchers has used climate models to demonstrate that the risk of glacial lake flooding affecting the city of Huaraz is almost entirely due to anthropogenic climate change.
In a recent video feature, British television station Channel 4 News poses the question "Who should pay to fix the climate emergency?". Journalist Simon Roach vividly explains why this is a question of fairness and justice, bringing together the various dimensions that form part of the answer: Starting at the industrial revolution, he looks at individual countries’ contributions to climate change, explains the sometimes confusing world of climate diplomacy, describes climate impacts and the resulting need for climate finance.