Oireachtas Joint and Select Committees

Tuesday, 25 October 2022

Joint Oireachtas Committee on Climate Action

COP27: Discussion

Ms Siobhan Curran:

I support Mr. Murtagh's points about the innovative sources of finance that can be used to fund loss and damage. The point Deputy Smith made about the huge gap in finances at the moment is crucial. It is costly, but the poorest countries in the world are paying the price. We need to switch that power balance and the model. It is crucial that this finance is under the UNFCCC for reasons of accountability and transparency. There is a limit to humanitarian responses. While they are crucial - we need life-saving responses - they are short term. We need to look at loss and damage because that is medium term and long term. It is the question of when someone is displaced, what happens to them. Where do they find a home? We can give the immediate relief, but we need long-term structured approaches to people who are dealing with the realities of loss and damage. Transparency and accountability are key because the position of Ireland at the moment is that there are existing financial flows that need to be used. We need to listen to the demands of the global south and what developing countries are saying; they are saying clearly that we need a separate finance facility. That is what they need delivered. They need promises to be met and actual demands to be met, not technocratic responses.

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