Greenpeace reaction to Loss & Damage Fund Announcement and Pledges

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MONTREAL In reaction to the Loss & Damage finance announcement and pledges made at the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), Greenpeace International and Greenpeace Canada said:

Tracy Carty, Global Political Expert, Greenpeace International said:

“For too long, communities least responsible for causing the climate crisis have borne the brunt of climate impacts. This agreement is a vital first step towards ensuring communities get the support they desperately need – but stops short of the fund communities need and deserve.

What’s unclear is where the money is going to come from. When it comes to financing the Loss and Damage Fund, the outcome of this COP must confirm that rich countries with the greatest contribution to climate change will lead the way. And that the fossil fuel industry, which continues to reap billions by exploiting fossil fuels, pays for the harm they have caused.”

Salomé Sané, Climate Campaigner, Greenpeace Canada:

“We are one step closer to delivering on the financial assistance that communities facing the brunt of the climate crisis need. But a bare bones fund will be far from enough, which is why those most responsible for driving the climate crisis must pay their fair share. Canada, a major oil and gas producer, needs to be first in line to contribute and make the fossil fuel industry and other big polluters pay.”

ENDS

For more information, please contact:

Laura Bergamo, Head of Media, Greenpeace Canada laura.bergamo@greenpeace.org ; +1 438 928 5237