UN briefing to review the results of cop27

Dr. Mahmoud Mohieldin, the climate pioneer for the Egyptian presidency of the Conference of the Parties to the United Nations Convention on Climate Change (COP27) and the United Nations Special Envoy for Financing the 2030 Agenda for Sustainable Development, participated in a briefing session at the United Nations headquarters in New York to review the most prominent outputs of the Conference of the Parties held in Sharm El-Sheikh last month.

The session was attended by Ambassador Mohamed Nasr, Director of the Climate, Environment and Sustainable Development Department at the Egyptian Ministry of Foreign Affairs, and Selwyn Hart, Special Adviser to the United Nations Secretary-General on Climate Action.

Mohieldin said that the twenty-seventh Conference of the Parties in Sharm El-Sheikh achieved many results in all areas of climate action. In the field of losses and damages, the conference recognized for the first time the need to commit to providing the necessary funding in this field through the establishment of a fund concerned with losses and damages to help developing countries cope with the effects of climate change. Climate changes and the resulting natural and human losses and damages.

He added that in the field of adaptation, the conference discussed issues of food, water and energy security and referred to them in the text of the decisions issued by the official negotiations in light of the current global challenges. The water file for the first time in the sectors eligible for climate finance.

Mohieldin stated that the conference witnessed the Egyptian presidency of the conference, in cooperation with climate pioneers, launching the Sharm El-Sheikh Adaptation Agenda, which aims to help 4 billion people face climate change by 2030, as the agenda aims to achieve 30 ways to adapt to the effects of climate change globally within 5 main action axes. They are food and agriculture, water and nature, coastal areas and oceans, human settlements, and infrastructure, with work to provide the necessary financing and planning.

He explained the importance of the early warning system initiative announced by the Secretary-General of the United Nations during the conference in terms of resilience, with investments amounting to $301 billion annually between 2023 and 2027. The conference also witnessed the announcement of the Nairobi Statement, which seeks to provide financing facilities of $14 billion to support adaptation. In Africa against natural disasters of all kinds.

With regard to financing climate action, Mohieldin stressed that the Sharm El-Sheikh conference called for restructuring the global financial system to be more fair and efficient in order to provide the necessary financing. Drive climate finance.

Raed Al-Manakh said that during the conference, the results of the five regional forums to mobilize climate finance for a number of climate projects were reviewed.

Mohieldin pointed out that the carbon markets emerged at the conference as one of the innovative ways to mobilize financing for climate action and reduce emissions. The experts are commissioned by the Secretary-General of the United Nations to lay the groundwork for non-state actors including corporations, investors, cities and territories to deliver on their promises of achieving net zero emissions.

With regard to mitigation measures and reducing emissions, Mohieldin stated that the Sharm El-Sheikh conference called for maintaining the goal of keeping the global temperature rise at 1.5 degrees, despite the challenges and complexities that impede the achievement of this goal.

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