The 17th meeting of the Executive Committee (ExCom) of the Warsaw International Mechanism on Loss and Damage (WIM) took place ahead of COP27, where countries then agreed to establish new financing arrangements and a fund for Loss and Damage.
At the ExCom meeting, among other things, the 5-year rolling work plan was adopted, reflections on the working methods of the ExCom were debated and the cooperation with the Subsidiary Body for Implementation in the context of the Glasgow Dialogue was discussed. This report focuses on the latter.
The multi-country projects and programmes financed by the Green Climate Fund (GCF) are of particular interest to African civil society organisations (CSOs) that, through their engagement with GCF processes and financed activities in their countries, have identified several concerns with their implementation.
Together with the Alliance for Corporate Transparency and a number of other NGOs and think tanks, Germanwatch has commented on the proposals of the European Financial Reporting Advisory Group (EFRAG) in a press release. Germanwatch welcomes the adoption of the EU Sustainability Reporting Standards (ESRS), which EFRAG submitted to the European Commission this week. Although the ambition of the standards remains limited in some areas, they represent a significant improvement for companies and users of sustainability information and address the biggest issues in the quality and reliability of corporate reporting. Please find the press release below:
A ‘race to the top’ or global crawl? Despite global climate negotiations at COP27 and the G20 inching far too slowly towards the financial transformations we need to tackle climate change, country-level progress is being made. A common framework would help track that progress.
One of the three main goals of the Paris Agreement is to ‘make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development’, as stated in Article 2.1c. This long-term goal recognises that, complementary to an increase in finance that supports climate action, there needs to be redirection of finance, both public and private, that locks countries into a future of low emissions and higher resilience. Given that Article 2.1c has yet to be fully operationalised, this case study examines the progress towards implementing it in Germany. It is a first attempt to provide a comprehensive analysis framework for the implementation of Article 2.1c.
The policy brief adresses two important questions:
Firstly, the role of climate litigation this far in adressing legal claims for loss and damage.
Secondly, the potential that climate litigation holds in redressing the claims of losses and damages.
The brief provides an analysis of how two arenas of legal action - negotiations and litigation - interact and how they can work together to provide a more robust legal basis for supporting issues of loss and damage.