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Top 3 highlights of first week of COP 27

Posted by ris_admin 15/11/2022 0 Comment(s) All,ESG,

The 27th Conference of the Parties (COP27) to the United Nations Framework Convention on Climate Change (UNFCCC) is being held in Egypt until 18 November 2022. Let’s have a summary on the issues have been discussed in COP27.

 

  1. The Sharm el-Sheikh Adaptation Agenda
  • COP27 President Shoukry announced ‘Sharm el-Sheikh Adaptation Agenda’.  
  • The first comprehensive global plan to rally both State and non-State actors behind a shared set of 30 Adaptation Outcomes that are required by 2030 across food and agriculture, water and nature, oceans and coastal, human settlements and infrastructure systems. 
  • For instance, one outcome for food and agriculture is Climate resilient, sustainable agriculture increases yields by 17% and reduces farm level GHG emissions by 21%, without expansion of the agricultural frontier.
  • To protect four billion people living in the most vulnerable communities.

 

  1. Latest Climate Change Research
  • Leading global experts from natural and social sciences presented essential insights on climate change since 2021.
  • The potential to adapt to climate change is not limitless, e.g. “hard” limits including extreme heat intolerable to the human body and rising sea levels capable of submerging coastal communities.
  • Over 3 billion people will inhabit “vulnerability hotspots” by 2050.
  • Persistent dependence on fossil fuels exacerbates major vulnerabilities, notably for energy and food security.

 

  1. Launch of the Forest and Climate Leaders’ Partnership (FCLP)
  • The partnership aims to boost action to implement a commitment made at COP26 to halt forest loss and land degradation by 2030.
  • 27 countries including the UK and the EU, have already joined the partnership and are committed to leading by example on one or more of the FCLP’s action areas.
  • FCLP’s action areas include mobilizing public and donor finance to support implementation, supporting Indigenous People’s and local communities’ initiatives, and incentivizing the conservation of high-integrity forests.