Caribbean nations will come together to call for compensation for “loss and damage” from the impact of climate change at the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) in Egypt.
Small island nations, among the hardest hit by rising temperatures, are pushing developed countries to create a “loss and damage” financing mechanism to pay for the consequences of climate change.
“The Caribbean should promote, as a main priority, agreements on the establishment of a loss and damage response fund at COP27 and a commitment to launch the fund in 2023,” says a document dated September 8.
The document arose from the meeting of Caribbean heads of government held in the Bahamas in August, which was attended by countries such as Barbados, Haiti and Antigua and Barbuda.
The leaders also highlighted the importance of tourism to regional economies and “the increasingly devastating impact of climate change on that industry.”
Around 90 heads of state have confirmed their attendance at COP27 in Egypt in November, where issues such as the energy transition and food security will be addressed.
