{"id":5894,"date":"2023-12-01T01:16:59","date_gmt":"2023-11-30T17:16:59","guid":{"rendered":"https:\/\/panap.net\/?p=5894"},"modified":"2023-12-01T01:16:59","modified_gmt":"2023-11-30T17:16:59","slug":"insufficient-and-world-bank-hosted-loss-and-damage-fund-an-affront-to-rural-peoples","status":"publish","type":"panap_updates","link":"https:\/\/panap.net\/beta\/updates\/insufficient-and-world-bank-hosted-loss-and-damage-fund-an-affront-to-rural-peoples\/","title":{"rendered":"Insufficient and World Bank-hosted Loss and Damage Fund, an affront to rural peoples"},"content":{"rendered":"<p class=\"has-text-align-center\"><em>Statement on the operationalization of the Loss and Damage Fund by Chennaiah Poguri, spokesperson of the Global People\u2019s Caravan for Food, Land and Climate Justice and National Secretary of the Andhra Pradesh Vyvasaya Vruthidarula Union (APVVU), a federation of farmers, agricultural workers, landless peasants, and other working rural peoples in India:<\/em><\/p>\n<p>\u201cThe decision to finally operationalize the Loss and Damage Fund is an important initial step in bringing justice to rural peoples in the Global South who are most affected by extreme droughts, tropical cyclones, floods, and sea level rise. However, it is \u2018historic\u2019 only because it is long overdue. Let us not forget that for decades, rich countries and major industry emitters ignored their responsibilities to pay up. Initial financial commitments to the fund from the industrialized countries coming out of the ongoing COP28 appear to continue to deny the magnitude of their accountability in the worsening climate crisis.<\/p>\n<p>The world\u2019s biggest polluters are still showing their insincerity and lack of accountability for historic and current emissions. In reality, the USD 475 million in initial pledges is but a fraction of the losses and damages incurred by small farmers, agricultural workers, fishers, and other rural peoples who feed the world. For the past decade, losses in agriculture are estimated at USD 11 billion a year, with countries in Asia, Africa, and Latin America disproportionately accounting for the biggest losses. These pledges are but a \u2018drop in the ocean,\u2019 and may end up being just for show if there continues to be no clear commitments to long-term mandatory financial obligations.<\/p>\n<p>Rural peoples reject the World Bank as the interim host of the fund. The WB has historically used public coffers to guarantee profits for private corporations. Funds meant for climate victims, the majority of which are poor and dispossessed rural peoples, should not be used to impose conditionalities on and increase the debt burden of countries in the Global South. This would be tantamount to robbing a gravestone.<\/p>\n<p>The Loss and Damage Fund should instead be managed by an independent and credible entity acceptable to the Global South, and which will ensure easy access for all countries claiming climate compensation.\u201d<\/p>\n<p><em>Note to editors:\u00a0<\/em><\/p>\n<p>\u2013 The Global People\u2019s Caravan for Food, Land and Climate Justice (<a href=\"http:\/\/www.ourfoodsystems.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.ourfoodsystems.org<\/a>) is a Global South-led campaign of rural peoples movements mobilizing for radical food systems transformation. A product of community consultations &amp; petition signings held since early this year, the People\u2019s Caravan is pushing for five<a href=\"https:\/\/ourfoodsystems.org\/wp-content\/uploads\/2023\/11\/COP28-Sign-On-Petition-on-Food-Land-and-Climate-Justice.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0demands to COP 28 negotiators<\/a>\u00a0(bit.ly\/RuralPeoplesToCOP28).<\/p>\n<p><em>Media contacts:<\/em><\/p>\n<p>Chennaiah Poguri, Global People\u2019s Caravan spokesperson,\u00a0<a href=\"mailto:chennaiah.poguri@gmail.com\">chennaiah.poguri@gmail.com<\/a><\/p>\n<p>Ilang-Ilang Quijano, communications officer,\u00a0<a href=\"mailto:ilang.quijano@panap.net\">ilang.quijano@panap.net<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statement on the operationalization of the Loss and Damage Fund by Chennaiah Poguri, spokesperson of the Global People\u2019s Caravan for Food, Land and Climate Justice and National Secretary of the Andhra Pradesh Vyvasaya Vruthidarula Union (APVVU), a federation of farmers, agricultural workers, landless peasants, and other working rural peoples in India: \u201cThe decision to finally&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5895,"template":"","update_categories":[107],"class_list":["post-5894","panap_updates","type-panap_updates","status-publish","has-post-thumbnail","hentry","update_categories-media"],"_links":{"self":[{"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/panap_updates\/5894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/panap_updates"}],"about":[{"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/types\/panap_updates"}],"author":[{"embeddable":true,"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/panap_updates\/5894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/media\/5895"}],"wp:attachment":[{"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/media?parent=5894"}],"wp:term":[{"taxonomy":"update_categories","embeddable":true,"href":"https:\/\/panap.net\/beta\/wp-json\/wp\/v2\/update_categories?post=5894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}