The Egyptian presidency of the UN Climate Conference (COP27) admitted this Sunday to be satisfied with the results of the meeting and defended that the agreements reached meet the initial objective of making this the “implementation conference”.
“We were able to confirm what we wanted: that it was the implementation conference and that we would not be satisfied with the traditional decisions,” said COP27 President and Egyptian Prime Minister Sameh Shukri.
This morning, the countries present in Sharm el-Sheikh, Egypt, approved a document that, among other issues, includes the creation of a compensation fund for the most vulnerable countries for loss and damage caused by climate change whose origin is mainly due to more developed nations.
“From the beginning, we tried to promote the importance of implementation and this translated into the success of long and precise consultations to approve a compensation fund for damages,” Sameh Shukri added.
According to the president of COP27, the creation of the fund was an “achievement”, “after nearly 27 years of requests and demands from African and developing countries” in this regard.
Shukri also considered that the Sharm el-Sheikh plan “supports the ambition to maintain [o aumento da] The planet’s temperature below 1.5º Celsius opens the door to efforts to reduce emissions” of the phases that generate the greenhouse effect, for which it is expected “that the plan will be approved at COP28”.
In his COP27 balance speech, the Egyptian Prime Minister recalled that 112 Heads of State and Government and around 66,000 people participated in the climate conference during 14 days of work, debates and negotiations, stressing that it was “the largest number of participants in such an event.”
Several environmental organizations and those of the European Union positively valued the creation of the damage fund established at this summit, but regretted that the objectives of reducing polluting emissions have been left without significant progress.
Several of these organizations considered that this failure was due to the influence of oil-producing countries, such as Saudi Arabia, a close ally of Egypt, who pushed for the issue to be removed from the agenda.
The 27th United Nations Conference on Climate Change began on November 6 and ended today in Sharm el-Sheikh, Egypt, bringing together various world leaders and totaling around two thousand interventions on more than 300 topics.
Source: TSF
