Oireachtas Joint and Select Committees

Tuesday, 22 October 2024

Joint Oireachtas Committee on Climate Action

Engagement with Minister for the Environment, Climate and Communications on COP29

12:30 pm

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party)
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There are different views on that, including within the European Union, and we have to take a European Union position on it. One of the aspects will be whether we suballocate or have a special allocation for loss and damage. There is some good news with loss and damage. We as a country were centrally involved in its establishment and in the positioning of it as a fund to especially target the most vulnerable countries. We have learned the lessons from the establishment of other funds like the Green Climate Fund and others. I have no criticism of them today, but they took a long time to establish. There was broad agreement in Baku two weeks ago that the loss and damage fund has been established very quickly by historical comparison. Its board, which we have a representative on, is functioning very well. One of the outcomes of Baku has to be the making operational of the fund. Whether there will then be an exact allocation within the NCQG will be one of the issues negotiated in Baku. It is not decided yet.