COP27 kicks off in Egypt, to focus on financing, implementation of agreements

Sharm El-Sheikh, Egypt, Nov 6 (EFE).- The 2022 United Nations Climate Change Conference, or COP27, kicks off Sunday in Egypt , with the aim of implementing the decisions of the COP26 in Glasgow and arrange funding for the least developed countries in the joint fight against climate change.

The climate summit, held in the southern city of Sharm El-Sheikh, is scheduled to continue until Nov.18.

The summit is expected to be attended by more than 40,000 delegates, set to be the largest in its history, according to the COP27 Egyptian Presidency.

At least a hundred heads of state have already confirmed their participation in the summit, including US President Joe Biden, Spanish Prime Minister Pedro Sanchez and British Prime Minister Rishi Sunak, among others.

Most of heads of state attending COP27 are expected to participate in the so-called implementation summit, to be held on Nov.7 and 8.

Meanwhile, the rest of the days will be spent on dealing with major climate issues issues through workshops, round tables and discussions.

One of the key points of this COP27 will be the losses and damages due to climate change, something that was already focused on last year in Glasgow.

A large number of countries advocated last year for a fund dedicated to the damage and losses caused by climate change, which, however, was rejected by several developed nations, including the United States.

In addition to the issue of providing financing for the least developed countries, this summit will also focus on action to reduce greenhouse gases.

A failure to make progress in cutting emission of greenhouse gases emissions could cause the Earth’s temperature to rise by 2.8 degrees Celsius by the end of the century compared to pre-industrial times.

There is an urgent need to reinforce current climate policies, which still fall well short of being adequate to meet the targets of COP21 in Paris 2015, which sought to limit temperature rise to less than 2 degrees and ideally 1.5 degrees, the UN warned a week ago. EFE


Related Articles

Back to top button