16 NOVEMBER 2022

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Climate summit 2022: COP27

COP27

The United Nations Climate Change Conference, better known as COP27, began on 6 November and will run until Friday 18 November. This year, it is being held in Sharm el Sheikh (Egypt) under the slogan "together for implementation".

This meeting will mark a turning point in the focus of the international climate agenda, which has its sights set on renewing and extending the agreements reached in the Paris Agreement.

What are the objectives of COP27?

The main objective of COP27 is to achieve the climate goals agreed under the Paris Agreement and the United Nations Framework Convention on Climate Change (UNFCCC).

This year 2022 has made clear the main issues to be addressed in addition to resolving many of the outstanding tasks left over from COP26:

  • Implementation: the aim is to seek real initiatives and actions that offer concrete solutions to address the challenges of climate change.
  • Financing: based on the importance and the need to obtain greater financial resources, as well as to improve access to funds, especially for developing countries (Africa, LDCs and SIDS).
  • Mitigation: to limit global warming and maintain the 1.5°C target. This requires countries participating in COP27 to commit to further emission reductions.
  • Adaptation: based on complying with the Global Adaptation Goal, the result of the previous COP held in Glasgow in 2021 to combat extreme meteorological phenomena.
  • Cooperation and collaboration: fundamental to reach agreements to meet climate goals and achieve tangible results in a balanced way.

 

COP27 is important as we are at an alarming and crucial moment in the fight against climate change. The new IPPC report reveals the urgency of taking action against climate change that negatively affects nature and thousands of people around the world.

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