Germany considered this Sunday that the results achieved at the United Nations climate conference (COP27) in Egypt are a mixture of “hope and frustration”.
“We have made progress on climate justice, with a broad coalition of states after years of stalemate,” Foreign Minister Annalena Baerbock said in a message on the social network Twitter, quoted by AFP.
But, warned the minister, “the world is losing precious time on the 1.5 degree trajectory” due to a lack of ambition in reducing greenhouse gas emissions.
The annual UN climate conference approved on Saturday an agreement that provides for the creation of a fund to finance climate damage suffered by “particularly vulnerable” countries, in a decision described as historic.
The resolution was unanimously adopted in the plenary assembly, followed by thunderous applause, at the end of the annual UN climate conference.
The resolution emphasizes the “immediate need for new, additional, predictable and adequate financial resources to help developing countries that are particularly vulnerable” to the “economic and non-economic” impacts of climate change.
The issue of “loss and damage”, which was more at the center of the debate than ever, after the devastating floods that recently hit Pakistan and Nigeria, almost made COP27 unfeasible.
The European Union said today that it is disappointed by the lack of ambition in reducing greenhouse gas emissions in the agreement approved by the 27th United Nations Conference on Climate Change.
The 27th United Nations Conference on Climate Change was held in Sharm-el-Sheikh, Egypt, bringing together more than 35,000 participants, including several country leaders, with around 2,000 interventions on more than 300 topics. .
Source: TSF
