The 2022 floods in Pakistan cost $40 billion in loss and damage, but the #LossAndDamage Fund has received less than $700 million in pledges. The Global South needs $5 trillion a year for loss and damage, mitigation, adaptation and just transition.
@JoeBiden@kishida230
What a week! 🔥 On Friday, the global week of action against @mufgbk_official concluded with actions in Pakistan, Germany, the Netherlands and France.
MUFG, say no to Papua LNG and @TotalEnergies. There’s no space for new gas projects in a climate safe future. 🌎
The @ADB_HQ needs to stop✋prioritising gas export for profit & start thinking about the needs of communities.
🇵🇰Coastal communities in Pakistan are already vulnerable to climate change & the financing of the LNG terminal at Port Qasim has devastated those living nearby.
We were told that gas projects were the solution to helping countries develop, but all it has done has increased the mounting debt📈
This is felt in Pakistan, where investments in LNG benefited private corporations & exacerbated the climate crisis already felt by communities.
The @ADB_HQ needs to put people & planet first, financing projects that are Paris-aligned & debt-sustainable, as highlighted by Hussain Jarwar. #ADBAnnualMeeting#EndFossilFinance
Celebrating the 1st International Day of Clean Energy Today-Let's make financing clean and transitioning fair a priority! Join @indusconsortium in promoting clean energy sources to combat climate change.
Embrace #WorldCleanEnergyDay
@MajidBilal raised Indus Consortium concern about loopholes for gas and coal financing in the @ADB ETM in #Pakistan with Mr. David C. Elzinga Energy Specialist & Mr. Andrew H Jeffries Advisor JET Partnerships works on Finance@AndrewJeffries & @DavidElzinga#StopFundingFossils
COP-28 UAE News
Mr Majid Bilal Khan of Indus Consortium emphasized WB regarding immediate fossil fule phaseout. Here is Response of Ajay Banga World Bank President at COP-28
Indus Consortium in partnership with Oxfam in Pakistan has produced a Non-Economic Loss and Damage report covering the impacts of flood 2022 on women, especially on women's safeguarding and protection issues. go through the link and read the report. https://t.co/aWk8WntltS
Recourse has just launched a new paper with Indus Consortium, Trend Asia, and Senik Centre Asia: The Technical Assistance Paradox: how World Bank and ADB advisory services are 'assisting' dependency on fossil gas. Please help promote by retweeting this: https://t.co/lGZAyCu4ES
1/5 As @COP28_UAE President addresses the Multilateral Development Banks next week, will he demand that they close loopholes for #fossilgas?
@WorldBank & @ADB_HQ#technicalassistance for
gas-related projects is entrenching carbon intensive development. https://t.co/9OfF3Rz1Tk