Tuesday, October 12, 2021

This is Loss and Damage - Who Pays? It must feature at COP26 in Glasgow

In the powerful new film, "This is Loss and Damage - Who Pays?", climate activist, Vanessa Nakate, and Loss and Damage experts, Professor Saleem Huq and Harjeet Singh, offer a compelling way out of the Loss and Damage finance stalemate: an international mechanism funded by the fossil fuel polluters who caused the crisis.

The film is part of the launch of the Make Polluters Pay campaign, led by a coalition of  charities and organisations in the leadup to the UN Climate Change Conference in Glasgow, COP26. The campaign aims to raise public awareness about the urgent need for loss and damage funding, paid for by the biggest polluters. 

So what are some possible mechanisms to raise money for a Loss and Damage Fund? A Robin Hood style Financial Transactions Tax is possible. A Climate Damages Tax levied on existing fossil fuels extracted.

Panel discussion of Loss and Damage video.

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