COP27 opens in Sharm El-Sheikh, Egypt
On November 6, 2022, in Sharm El-Sheikh, Egypt, a lady stands in front of a display board for the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27).
COP27 opens in Sharm El-Sheikh, Egypt
On November 6, 2022, in Sharm El-Sheikh, Egypt, a lady stands in front of a display board for the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27). The COP27 got underway on Sunday in Sharm El-Sheikh, a beach city in Egypt, with the goal of putting the financial commitments made at the conference to action.
In an effort to put global climate financing commitments into action, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) began on Sunday in the Egyptian beach city of Sharm El-Sheikh.
Egyptian Foreign Minister and COP27 President Sameh Shoukry emphasized the need to tackle the adverse impacts of climate change during the two-week meeting, where more than 120 world leaders will look for potential solutions to climate change concerns, in his speech at the opening ceremony.
“Climate change threatens human life, and the unsustainable industrial development pattern must be reversed since this will have serious repercussions,” Shoukry cautioned.
“This year has seen traumatic occurrences in Pakistan, on the African continent, and in numerous regions of Europe and America. The destruction and consequences of all these incidents serve as a warning to humanity and a lesson to be learned. must exercise greater vigilance and to move fast to take the appropriate actions in accordance with our obligations and pledges,” he said.
The COP27 president also emphasized the significance of non-state actors’ participation in order to effectively fulfill pledges and commitments, including the commercial sector, banks, international financing institutions, civil society, youth groups, and indigenous organisations.
“Climate change-related initiatives over the previous decades were unusually politicized, which has slowed down negotiation progress,” Shoukry said, adding that the commitment to mobilize $100 billion USD annually has not yet been kept.
Alok Sharma, the president of COP26, which is being held in Glasgow, Scotland, emphasized the crucial role that finance would play in this meeting and urged cooperation to keep the 1.5-degree-Celsius objective within reach.
We are aware that the financial situation today determines whether the program will advance as planned, he said.
The British politician added, “This summit must be about concrete steps. When the world leaders join us today, I hope they will explain what their countries accomplished during the past year and how they will go further.”
