At the end of the plenary and long debates, the delegations present at COP27 adopted, this Sunday, November 20, a final agreement calling for a “rapid” reduction in greenhouse gas emissions.
The UN climate conference adopted early Sunday morning, November 20, a final declaration calling for a “rapid” reduction in greenhouse gas emissions and reaffirming the goal of limiting global warming to 1.5 °C. The final resolution of this COP27 held in Sharm el-Sheikh in Egypt, had been criticized by some parties as not being ambitious enough, but it was adopted by consensus after a final marathon day of tight negotiations, mentions AFP.
” Losses and damages »
COP27 participants also agreed on a resolution on the sensitive subject of loss and damage ». It provides for the creation of a dedicated fund to finance the climate damage already suffered by countries ” particularly vulnerable “. A qualified decision of history by its promoters.
She emphasizes the immediate need for new, additional, predictable and adequate financial resources to assist developing countries that are particularly vulnerable “to impacts” economic and non-economic of climate change. Among these possible modes of financing there is explicitly the creation of a ” loss and damage response fund “, a strong demand from developing countries, which have united on this issue.
Special Committee
The modalities for implementing the decision will be drawn up by a special committee for adoption at the next COP28, at the end of 2023 in the United Arab Emirates.
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