Julie-Anne Richards

Big #Coal, #Oil & #Gas are making $$$ at the expense of the rest of us #makepolluterspay #ClimateDamagesTax. On Gadigal and Wangal land in Warrane (Sydney).

[Oxfam International Media Team @newsfromoxfam]

“This is theft - pure and simple - a tiny few robbing billions of people of their future to feed their insatiable greed,” said @Oxfam's Nafkote Dabi.

@euronews

https://t.co/Q8peSdbESL

[Oxfam International Media Team @newsfromoxfam]

PRESS RELEASE: The richest 1% have burned through their entire annual carbon limit in just 10 days.

This alarming milestone, dubbed #PollutocratDay by @Oxfam, underscores how climate breakdown is disproportionately driven by the super-rich.

https://t.co/AFvqmMoDYo

[Harjeet Singh @harjeet11]

Why we must Junk the COP29 Deal‼️🛑

The #COP29 deal is a catastrophic failure. Here's a 🧵on why we must reject it now.

Please share and/or add your reason in a reply or new post using #JunkTheCOP29Deal.

1/11

[Chiara Liguori @LiguoriChiara]

#COP29 ended with a terrible deal on #ClimateFinance adopted in a terrible way. Rich countries once again had it their way at the expenses of marginalised communities. And now they are spinning it as a 1.3 trillion deal which is not. But we won't give up. #MakeRichPollutersPay

[Loss and Damage Collaboration (L&DC) @LossandDamage]

19/20. 🤔 Are you trying to understand the text for the #NCQG is so bad? 😡 Read this thread. 🧵
https://t.co/62SSwTaw2k

[Loss and Damage Collaboration (L&DC) @LossandDamage]

18/20.📢However, we will continue to fight ✊ to ensure that developing countries and the communities within them on the front lines 🏝️ of the #ClimateCrisis 🔥⛈️🌊🌪️ have what they need to address #LossAndDamage 🏥🏗️❤️‍🩹🫂🌱.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

17/20. 🤑Developed countries have not only blatantly disregarded their obligation for #ClimateFinance they have show how little they value the lives and livelihoods of people in the #GlobalSouth 😭 by blocking an #NCQG that provided the trillions that are needed for #ClimateAction.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

16/20. 😡We are extremely disappointed in this outcome and the way it was adopted at #COP29. 🚫⚖️The adoption was not democratic and we have serious concerns about what this means trust in, and the future of, this multilateral process 🇺🇳🔥.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

15/20. 🤯Yet the final text on the #NCQG sees only US$ 300 billion which will not even cover the US$ 724.43 billion needed each year to address #LossAndDamage 🔥🌪️⛈️ in developing countries, let alone their #Adaptation 🏗️🏝️ and #Mitigation 🚫🏭 needs.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

14/20. 📜A proposal from @AOSISChair included a provision goal of US$ 900 billion a year alongside a mobilisation goal of US$ 400 billion a year bringing the total to US$ 1.3 trillion per annum. 📢This is the #NCQG that we should have seen agreed!

[Loss and Damage Collaboration (L&DC) @LossandDamage]

13/20. 📢Developing countries made loud and clear their call for at least US$ 1.3 trillion a year 💰 under an #NCQG with a provision and a mobilisation goal with public finance to be delivered as grants and highly concessional finance from developed countries to developing countries.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

12/20. 🚫There is no denying it, this text is a massive #ClimateInjustice 🚫⚖️, one that does not meet the needs and priorities of developing countries, one that takes us closer to existential #LossAndDamage ☠️🔥⛈️.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

11/20. 😱This means that finance for #FossilFuels 🏭🛢️⛽️, #CarbonCredits 🪙, export credits, and market rate loans can all be counted as #ClimateFinance (i.e. planet wreaking activities 🔥🌍 and debt inducing instruments 🏦😢).

[Loss and Damage Collaboration (L&DC) @LossandDamage]

10/20. 5⃣ It includes no definition of what is ✅ and what is not 🚫 #ClimateFinance and no negative list 📋 of what should not 🚫 be counted as #ClimateFinance.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

9/20. 4⃣ The decision sees #ClimateFinance come from a wide variety of sources including public 🪙 and private🏬, bilateral and multilateral🌐, and alternative sources 💰: 📢Once again we remind you that #ClimateFinance should come from developed countries as PUBLIC FINANCE⚠️.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

8/20. 3⃣Developed countries are only asked to take the lead 🥇, to US$ 300 billion per year by 2035 for developing countries: 📢Article 9 of the #ParisAgreement is crystal clear developed countries are supposed to take the lead on providing and mobilising PUBLIC FINANCE⚠️.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

7/20. By only 📞 “calling” upon actors, there is no enforcement language 👮⚖️. Which means, actors could just choose to finance profitable projects 🤑 and say they're contributing to the goal of reaching US$ 1.3 trillion whilst neglecting everything else 🙄.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

6/20. 😭This means all countries and actors including the multilateral development banks 🏦 and private sector🏬 will be contributing to reach US$ 1.3 trillion per year by 2035, and reporting on some flows would be voluntary 🫠.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

5/20. 2⃣ It merely “calls” 🙄 on “all actors” to work together to enable the scaling up of financing to developing country Parties for #ClimateAction from all public 💰 and private sources 🏦 to at least US$ 1.3 trillion per year by 2035 via a “Baku 🇦🇿 to Belém 🇧🇷Roadmap to 1.3T”.

[Loss and Damage Collaboration (L&DC) @LossandDamage]

4/20. 😡Here are just 5⃣ reasons why the adopted decision on the #NCQG is totally inadequate 🚫💰:

1⃣ Firstly, there is no #ClimateFinance for #LossAndDamage 🔥🌊⛈️🌪️: It only “acknowledges’ the significant gaps that remain in responding to the increased scale and frequency of #LossAndDamage.