This study argues that the focus on insurance by developed countries is too narrow and comes at the expense of a serious consideration of other options. Insurance is only one tool in a much larger toolbox.
In 2013 countries agreed to establish the Warsaw International Mechanism for Loss and Damage (WIM) and agreed that it would do three things: a) enhance knowledge; b) strengthen dialogue and coordination and c) enhance action and support, including finance for loss and damage. This third element of its mandate has been sorely neglected.
Climate litigation will dwarf all other litigation in terms of both the number of plaintiffs, and the timeframe over which it can happen, according to a new report released today by the Climate Justice Programme.
The Climate Justice Programme (CJP) and the Heinrich Böll Foundation are proposing a new and innovative source of finance: a fossil fuel extraction levy paid by those 90 entities responsible for two-thirds of global carbon emissions.
A fair and adequate global climate regime requires a massive effort across the board to reduce the risks to lives and livelihoods that poor people face first and most. Rich countries must reduce greenhouse gas (GHG) emissions first and fastest, with ambitious targets at home.