#COP27 – Top Stories in Media – Nov 9

• Germany, Belgium pledge funds to tackle climate ‘loss and damage’ (Euractiv)

“While relatively small in size, the funds were symbolically significant… as over 100 leaders gather in Egypt for the UN’s COP27 climate summit – where the urgent need for funding to support developing countries facing climate change-fuelled disasters is set to dominate the talks.”

• New Africa carbon markets initiative launched at COP27 (Xinhua) 

“Led by a 13-member steering committee of African leaders, CEOs, and carbon credit experts, the Africa Carbon Markets Initiative (ACMI) was launched to support the growth of carbon credits production, create jobs and protect biodiversity in Africa, according to a press release by the initiative.”

• Nicola Sturgeon pledges £5m in climate change reparations to developing nations (The Daily Telegraph)
• COP27: Austria pledges €50m of funding for loss and damage from climate change (Euronews)
• New Zealand allocates $12 mln to fund climate damage in developing nations (Reuters)
• Key nations join Global Offshore Wind Alliance to ‘enhance energy security’ (Recharge News) 
•  112 nations pledge to protect 30% of land and ocean by 2030 (Business Standard)
• Israel, Jordan advance deal to swap desalinated water for solar energy (The Hill)

• Tuvalu first to call for fossil fuel non-proliferation treaty at Cop27 (The Guardian) 

“Tuvalu has become the first country to use United Nations climate talks to demand an international fossil fuel non-proliferation treaty, which would phase out the use of coal, oil and gas.”

•  Fossil fuel tax urged at UN summit amid pleas from poorer nations (South China Morning Post)

“[Antonio Guterres] and leaders such as Barbados Prime Minister Mia Mottley said it was time to make fossil fuel companies contribute to funds which would provide vulnerable countries with financial aid for the climate-related losses they are suffering.”

• Kerry, major companies in talks for fund to transition developing nations off fossil fuels (The Hill)
• COP27: Barbados PM Mia Mottley’s plea to rich nations (BBC News)
• ‘Rank deception’ UN chief slams corporate greenwashing at COP27 (The Independent)
• Climate conference hears loss of Arctic summer sea ice now inevitable by 2050 (CBC)
• Ukraine President Volodymyr Zelenskyy says climate change policy is impossible without peace (ABC)
• African countries face ‘economic devastation’ from climate hit to GDP (The Independent)