Oireachtas Joint and Select Committees

Tuesday, 25 October 2022

Joint Oireachtas Committee on Climate Action

COP27: Discussion

Ms Siobhan Curran:

It is also important to note that Ireland can play a role in this. One area in which Ireland has played a positive role at COPs is a focus on least developed countries, LDCs, and grant-based and adaptation finance. Ireland has advocated for models and that could be translated into advocacy on loss and damage, keeping the principles of human rights and justice at the core.

On corporate accountability, connections can be made with other processes that are happening. As we sit here, the UN treaty negotiations to regulate transnational corporations are taking place. Part of that draft treaty considers inclusion of free prior informed consent, FPIC which relates to corporate harm in communities. We can build accountability for corporations into existing frameworks of legally binding regulation. We need to draw those links. Also at EU level, environmental and due diligence legislation is being proposed through a new directive within which companies would be required to develop climate or carbon emission plans. At the moment these provisions lack teeth perhaps so these areas could be improved. Corporate accountability is also key to climate action.