Economist Podcasts Damage collateral: a tide turns at COP27
Nov 21, 2022
Catherine Raik, Environment Editor at The Economist, unpacks the significant COP27 outcomes, focusing on the pivotal issue of reparations for climate-induced 'loss and damage.' Meanwhile, Lane Green, who writes the Johnson column on language, delves into the fascinating linguistic patterns of the terms for 'mother' and 'father' across various cultures. Their conversation reveals the urgent need for climate funding and the universal linguistic threads that connect us all.
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COP27 Outcomes
- COP27 saw positive advancements in climate finance and a push to rethink the global financial system.
- However, it failed to maintain the momentum from COP26 on decarbonization.
Loss and Damage Acknowledged
- Loss and damage from climate change, impacting vulnerable countries disproportionately, were finally acknowledged.
- This recognition is crucial for global stability.
Financial System Overhaul
- Restructuring the global financial system is crucial for addressing climate change.
- Ideas include debt-for-nature swaps and expanding lending capacity of institutions like the IMF and World Bank.