Discussion Forum on COP Outcomes:
Summary of Key Outcomes (Last 5 COPs – COP24 to COP28):
COP24 (Katowice, 2018): Discussions focused on implementing the Paris Rulebook. Loss and damage was acknowledged, but no concrete financial mechanism was established.
COP25 (Madrid, 2019): Continued debates on funding; vulnerable countries called for a dedicated finance facility. No binding commitments were made.
COP26 (Glasgow, 2021): Glasgow Dialogue was initiated to discuss funding arrangements for loss and damage; recognition of the need for support for vulnerable countries increased.
COP27 (Sharm El-Sheikh, 2022): Major milestone: Loss and Damage Fund was agreed upon, aimed at providing financial support to developing countries for climate-related damages. Operational details were still being finalized.
COP28 (Dubai, 2023): Fund pledges and commitments were made, but actual disbursement mechanisms remain slow. Non-economic losses and justice issues were highlighted but not fully addressed.
Assessment of Satisfaction:Rating: 2 – Dissatisfied
Justification:
While COP27’s agreement to establish a Loss and Damage Fund was historic, progress has been slow in operationalizing it.
Financial commitments are still insufficient compared to the scale of loss and damage faced by highly vulnerable countries like Bangladesh.
Non-economic losses (cultural, social, psychological) are still largely unaddressed.
Political and economic negotiations continue to limit the speed and effectiveness of action.
Overall, although the COPs show growing recognition of loss and damage, the gap between pledges and tangible support for vulnerable nations remains significant, leaving countries like Bangladesh at continued risk from climate-induced disasters.