The Priorities for UN Climate Change Conference COP27

2023-04-18 | Volume 1 Issue 1 - Volume 1 | News | Executive Director| Lamees Esmaeel

The conference that was held in November 2022, at Sharm el-Sheikh, Egypt, defined five priorities, which can be briefed as following; First, COP27 closed with a breakthrough agreement to provide loss and damage funding for vulnerable countries hit hard by floods, droughts and other climate disasters. This was widely lauded as a historic decision, because for the first time countries did recognize the need for finance to respond to loss and damage associated with the catastrophic effects of climate change, and ultimately agreed to establish a fund. Second, it intended to keep 1.5°C within reach, which requires global greenhouse gas emissions to peak before 2025 and to be reduced by 43% by 2030. This means the global economy must “mitigate” climate change – in other words, countries must reduce or prevent the emission of greenhouse gases to get where they need to be by 2030. Third, hold businesses and institutions to account; this new phase of implementation also means a new focus on accountability when it comes to the commitments made by sectors, businesses and institutions, so the transparency of their commitments will be a priority of UN Climate Change in 2023. Fourth, providing financial support for developing countries; finance is at the heart of all what the world is doing to combat climate change. As a result, mitigation, adaptation, loss and damage, climate technology – all of it requires sufficient funds to function properly and to yield the desired results. Finally, making the pivot toward implementation, which is an important step, because climate pledges aren’t worth the paper they’re written on if they aren’t taken off the page and turned into concrete action.

(ISSN - Online)


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