Saleemul Huq, director of the International Center for Climate Change and Development, presented three proposals for creating a loss and damage fund. He noted that the Transitional Committee on Loss and Damage Financing "will have its first meeting in March in Egypt", adding that it will meet three times until COP28 in Dubai in December. Huq's first suggestion is not to operate on "UNFCC time" but to act "urgently" instead. He adds, “Don't make 'perfect' the enemy of 'good enough'! An imperfect fund that starts working quickly is better than waiting years for the first dollar.” His second suggestion is to work with “experienced actors” such as the Red Cross or the World Food Program. And the third is for the Transitional Committee to "become the main voice and explainer of what loss and damage means."
Veteran climate campaigner Bill McKibben wrote an article in the Guardian headlined: "Older people like me need to start protesting for our planet." He says last week's IPCC report "didn't have the impact it should have had, or that its authors apparently intended," and suggests that the reason is "a mismatch between the message's threatening words and the actions most people feel they can effectively take". He adds: "I'm proud to be part of Third Act, a climate campaigning organization for over 60s." Elsewhere, the Daily Telegraph ran an editorial under the headline: "The stupidity of the energy surcharge has now been exposed." He claims that in an effort to achieve net zero output successive governments have "deliberately presided over a decline in North Sea drilling to reduce UK carbon emissions while switching to renewables", although oil and gas are "still needed". The report concluded: “Although Labor condemned the government for under-taxing the sector, the overall rate imposed on North Sea operators has almost doubled from 40 % to 75 % in just 10 months. The windfall tax will remain in place until 2028, despite falling prices. In addition, a Labor government would retroactively increase the tax, cancel most reliefs and limit further exploration. The short-sightedness of this approach is breathtaking.”
Saleemul Huq, Climate Home News



