Title : COP27 From Commitments to Action
Abstract:
Each region of the world faces unique vulnerabilities to climate change and has unique opportunities to mitigate its effects and build resilience in the 21st century. Many countries have agreed to take action to combat climate change by ratifying the Paris Agreement. Indeed, without climate action, decades of sustainable development are jeopardized, making this a "make or break" moment in history. since COP26 in Glasgow, where Parties agreed to develop a work Programme to accelerate emissions cuts in this critical decade before 2030, with the goal of keeping global average temperature rise below 1.5 degrees Celsius. We must turn the Glasgow outcome into action and begin implementing it. In terms of climate finance, developed countries must deliver on the commitments they have made. The UN negotiations are based on consensus, and reaching an agreement will necessitate the inclusion and active participation of all stakeholders. It is also critical to align global financial flows with the Paris goals in order to ensure that the scale of financial support matches what is needed to help solve the existential challenges posed by the climate crisis. Many other countries agree, and the EU reiterates that this issue must be addressed at COP 27. The EU welcomed the progress made over the ten days and urged Parties to continue to build consensus on the various issues before reconvening in Sharm el-Sheikh in November for the UN Climate Conference (COP27). The importance of climate finance adequacy and predictability is critical to meeting the goals of the Paris Agreement; to that end, there is a need for increased transparency of finance flows and facilitated access to meet the needs of developing countries, particularly Africa, LDCs, and SIDS. Existing commitments and pledges, announced from Copenhagen and Cancun, through Paris and all the way to Glasgow, require follow up in order to provide clarity as to where we are and what more needs to be done. Progress on delivery of the annual USD 100 billion will build more trust between developed and developing countries, showing that actual commitments are being fulfilled.
Governments, the private sector and civil society need to work, in tandem, to transform the way in which we interact with our planet. We must introduce new solutions and innovations that help alleviate the adverse impacts of climate change. We also need to replicate and rapidly upscale all other climate-friendly solutions towards implementation in developing countries.
