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#LossandDamage

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"The hearings will begin on Monday, December 2, with over 100 countries and organizations presenting in 30 minute increments over two weeks. At the request of the UN General Assembly, the #ICJ will determine the existing financial liability of countries for their contribution to #ClimateChange and what actions countries must take to prevent climate change. The advisory opinion, while non-binding, could set a new standard for climate litigation."

forbes.com/sites/jonmcgowan/20
#LossAndDamage

Forbes · International Court Releases Detailed Hearing Schedule For Climate Change OpinionPar Jon McGowan
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"Attempts to establish legal obligations for businesses to pay for the impacts of #ClimateChange have been largely unsuccessful.

The UN Rapporteur’s report on “Climate Justice: #LossAndDamage” pushes for international legal development in this area.

It is within the remediation pillar that the most noteworthy proposal is found. It calls for businesses and countries with high GHG emissions to pay for the impacts of climate change."

forbes.com/sites/jonmcgowan/20

Forbes · UN Report Calls For Businesses To Pay For Climate Change, Restructuring Of EconomyPar Jon McGowan

The #Philippines has been chosen to host the board of the "#LossAndDamage" fund created by #UN talks, marking another step towards providing #FinancialHelp for countries to recover and rebuild from the impact of #GlobalWarming.

Last month, the #WorldBank's board approved a plan for the bank to act as interim host of the fund for four years.

Philippines chosen to host climate 'loss and damage' fund board
reuters.com/world/asia-pacific