The busy third day of the Sharm El-Sheikh Climate Change Conference saw delegates dashing from room to room, trying to keep up with back-to-back negotiating sessions on a variety of topics, from finance to adaptation and loss and damage. In parallel, world leaders issued calls for increased climate action in the High-Level Segment, with some even joining in the negotiations.
Heads of State and Government urged a spirit of cooperation in working together to redirect the world to a climate- and Earth-friendly path.
Gaston Browne, Prime Minister of Antigua and Barbuda, for the Alliance of Small Island States (AOSIS), said fossil fuel companies must pay a global carbon tax to fund loss and damage response, and called for COP 27 to establish a loss and damage fund to be operationalized by 2024.
Polish President Andrzej Duda warned that outsourcing the production of goods does not remove responsibility for the related emissions. Estonian President Alar Karis urged parties to think globally, noting the largest gains for climate can be achieved by supporting efforts beyond national borders.
Negotiations were in full swing on Tuesday, with a seemingly endless stream of discussions taking place through the day. Delegates began to consider draft text on further guidance that would help operationalize all three approaches to cooperative implementation under the Paris Agreement (Article 6).
In the negotiations on long-term climate finance, parties again lamented the failure to deliver on the USD 100 billion finance commitment and called for mechanisms to help fulfill and track its implementation. The consultations on funding arrangements for loss and damage drew some high-level participation, including from a Head of Government, and government ministers. During the consultations, several developing country parties highlighted the importance of these discussions, noting that loss and damage is, for them, a “matter of survival.”
On a number of agenda items, discussions moved from broad exchanges of views towards requesting co-facilitators to prepare draft text.