Youth climate activists from around the world are demanding justice and finance for climate-induced loss and damage (L&D) from the G7. Their campaign is on social media, using the hashtag #LnDFinanceNow.
Loss and Damage refers to the most severe impacts of climate change. From Bangladesh to Guyana, countries and communities around the world are currently experiencing Loss and Damage from climate-induced disasters. These disasters compound the existing health and economic crises caused by COVID-19. Still, developed country governments who have benefited from pollution are blocking the provision of finance to pay for loss and damage.
The campaign is organized by members of the Loss and Damage Youth Coalition (LDYC), a new global alliance of young people demanding action on the most severe impacts of climate change.
The demands are:
L&D Finance Facility: Establish a new finance facility to address Loss and Damage in developing countries.
Public Finance for L&D: Provide new and additional public finance to address Loss and Damage at the scale required to cover the impacts of Loss and Damage.
Vaccine Equity for All: End restrictive patents and vaccine hoarding by Global North countries, and provide urgent support to all countries and communities to ensure equal access to COVID vaccines.
Climate Damages Tax: Create a new tax on fossil fuel extraction, shipping, and/or aviation and direct the proceeds to addressing Loss and Damage — a Climate Damages Tax.
Climate Reparations Task Force: Create a task force of young people from the Global South and North to advise on how climate reparations can help address climate injustice.
Read the demands here.