The JET partnerships shouldn’t lock Global South countries into further debt, and unfortunately, we see only a minor portion of the Vietnam agreement as grant-based, with the majority as public loans and private pledges.
Without a phase out of fossil fuels we are setting the world on a path for further losses and damages. This is where the COP has failed.
Experts called on COP27 decision-makers to commit to ensuring that a swift, just and equitable phase-out of fossil fuels is secured in the final text, in order to stay at 1.5 degrees.
By making financial achievements the main orientation of Indonesian diplomacy, President Jokowi puts a price tag on Indonesia: because it has a price, we can be bought. No exception at the G20 event held in Bali today.
U.S. needs to own their responsibility and pay up what is owed for adaptation, stop funding fossil fuel projects and commit to real and significant investments in loss and damage in support of the most vulnerable nations.
The only way forward to achieve the Paris Agreement target and safeguarding the sustainable development goals is to halt any new development of coal, oil and gas, and to redirect financial flows towards sustainable renewable energy for all.
