A month before the start of the UN climate summit hosted by Egypt, the agenda is taking shape.
Egypt has urged at the Cop27 conference in Sharm El Sheikh to prioritize climate finance and “loss and damage compensation” for developing countries for the devastating effects of climate change.
Some 90 heads of state have pledged their attendance, Wael Aboulmagd, special envoy to the Cop27 presidency, said this week. More than 35,000 people are expected to attend the conference in the Red Sea resort town, which will take place from November 6th to 18th.
The World Leaders Summit, taking place over the first two days of the conference, will set the overall tone of what is needed to meet the goals of the 2015 Paris Agreement and keep global warming to 1.5°C within reach keep.
The remaining time will cover various topics ranging from finance to gender.
Here are the 11 theme days taking place at Cop27 and what they mean.
Climate finance signals that it is the most urgent topic and opens the thematic days of the conference. Finance was also the first topic of discussion at last year’s Glasgow summit.
“Financing will always be a cross-cutting issue – how will we pay for that?” Mr. Aboulmagd said at a virtual press conference last week. “We cannot continue on this extremely controversial course. We need to find creative ways of funding.”
According to the World Bank, low-carbon and climate-resilient infrastructure in low- and middle-income countries could require annual investments of around US$1.6 trillion by 2030.
One sore point was the developed world’s unfulfilled pledge to give developing countries $100 billion a year to fight climate change, but that still wouldn’t be enough.
Key discussion topics for Finance Day include tackling unsustainable debt in developing countries, lowering the cost of green borrowing, making adaptation projects more attractive to investors, and empowering the private sector and charities.
The Cop27 Presidency will release its guide to Just Financing, an initiative of Egypt’s Ministry of International Cooperation.
The challenges and opportunities surrounding the financing of losses and damages are also highlighted.
Loss and damage was a topic of discussion at Cop26, but the US and European Union opposed the creation of a separate compensation fund.
“It’s at the top of our minds. It is a very sad situation that the issue of losses and damage has lagged behind for so long,” said Mr. Aboulmagd.
At the UN General Assembly in New York last month, Denmark became the first country to offer compensation for losses and damage. The government pledged 100 million Danish kroner ($13.3 million) to developing countries in the world’s most climate-prone regions.
“It is completely unfair that the poorest in the world should suffer most from the consequences of climate change, to which they have contributed least,” said Danish Development Minister Flemming Mortensen when announcing the funds.
Science Day will discuss the findings of the sixth assessment report from the Intergovernmental Panel on Climate Change, the UN body responsible for advancing knowledge on human-caused climate change.
An initiative called “Innovation for Climate” will promote technology transfer and knowledge exchange between academies of science, universities, research institutes, international organisations, industry and non-governmental organisations.
The winners of the Global Stocktake Climate Datathon, a competition designed to measure the world’s collective progress towards Paris Agreement commitments, are announced. The first GST will run from 2021 to 2023 and will be repeated every five years thereafter.
Youth and Future Day
Since 2005, the UN Youth Conference on Climate Change has been held a few days before the Conference of the Parties to ensure the voices of youth are heard. Egypt will host Coy17 in Sharm El Sheikh from November 3rd to 5th.
Coy17 representatives will be able to present the Global Youth Statement and key policies promoting climate ambition to high-level policymakers.
“We don’t believe in tokenism,” said Mr. Aboulmagd. “Without everyone involved on board, the implementation would be pointless.”
Oil and gas, steel and cement are three of the most carbon-intensive industries, contributing more than a quarter of the world’s carbon emissions.
Decarbonization Day will share progress, inspire further action and identify new technologies to reduce emissions from such high-polluting sectors.
More than 120 countries have now signed the Global Methane Pledge, launched in Glasgow, which aims to reduce methane emissions by at least 30 percent by 2030 compared to 2020 levels. This reduction could prevent warming in excess of 0.2°C by 2050.
Day of Adaptation and Agriculture
This session will feature the Cop27 Food and Agriculture for Sustainable Transformation initiative, which aims to increase climate finance contributions to agriculture and food systems.
The Agriculture Innovation Mission for Climate, a global initiative led by the United Arab Emirates and the US with support from more than 140 governmental and non-governmental partners, aims to match the $4 billion in investment commitments committed by Cop27 last year to double to $8 billion.
The discussion will also look at the use of artificial intelligence and data analysis in early warning systems to minimize damage from climate-related disasters such as droughts and floods. Food security will also be a priority.
This day brings together women leading climate dialogues and action at the local, national, regional and global levels.
“Women and girls are experiencing the greatest impacts of climate change, which amplifies existing gender inequalities and poses unique threats to their livelihoods, health and security,” said UN Women.
Globally, 388 million women and girls will live in extreme poverty this year, compared with 372 million men and boys, according to projections by UN agencies and the Pardee Center for International Futures.
day of water
Another Cop27 initiative, Action for Water Adaptation and Resilience, will be featured on Water Day. One of their goals is 50 percent less damage from floods and droughts by 2030, with an initial focus on Africa.
Water security and the impact of sea level rise are also on the agenda.
Ace and Civil Society Day
Action for Climate Empowerment refers to work in the field of education, training and public awareness. The role of civil society is the focus of this day.
Almost every theme day has an African focus element and Energy Day is no exception. The session includes the launch of a Cop27 initiative for a “just and affordable energy transition” on the continent.
Green hydrogen is highlighted as a key factor in the transition from fossil fuels to clean energy.
This session will examine the interrelationship between biodiversity and climate change by presenting the latest scientific research and nature-based solutions.
It will also look at progress made on the Glasgow Leaders’ Declaration on Forests and Land Use, which was signed by 145 countries.
An estimated 23 percent of greenhouse gas emissions from human activities between 2007 and 2016 came from agriculture, forestry and other land uses, according to the United Nations Intergovernmental Panel on Climate Change.
Cop27 ends on November 17 with Solutions Day. Elements include success stories from green entrepreneurs and the private sector, such as: B. Low-carbon, sustainable transport.
Ministers of Housing and Urban Development will discuss urbanization and climate change as Cairo will host the United Nations World Cities Forum in 2024.
Finally, the Cop27 presidency will launch the 50by2050 initiative with the goal of recycling 50 percent of Africa’s waste by 2050.
Updated October 6, 2022 at 2:30 am