cover image: BACKGROUNDER - COP27: Canada Expectation Setting ‘The Canadian Package’

20.500.12592/4p36vz

BACKGROUNDER - COP27: Canada Expectation Setting ‘The Canadian Package’

3 Nov 2022

The surging price of fossil fuels has caused the current period of inflation that impacts Canadians and people around the world, and also record profits for oil and gas companies. [...] Countries in the Global South are disproportionately experiencing climate-related impacts that cannot be avoided or adapted to, for example the loss of lives, livelihoods and species, the damage to vital infrastructure that needs to be repaired after climate disasters, the costs of unavoidable relocation. [...] Canada is under extra scrutiny as one of the largest fossil fuel financiers both in the G20 and among the signatories of the pledge. [...] Deliver on climate finance and loss and damage In 2009, developed countries committed to a collective goal of mobilizing USD 100 billion per year by 2020 and through 2025 for climate action in developing countries - to assist developing countries to reduce their own emissions and address the climate impacts they face. [...] Publicly recognize the role of oil and gas in driving the climate crisis Fossil fuels are driving the climate crisis.

Authors

Amanda Pike

Pages
5
Published in
Canada