“The world is watching us and time is not on our side,” Cop27 President Sameh Shukri began his address to the audience on the closing day of the conference with this message.
Sameh Shukri, President of the Climate Conference (COP27), urged the nearly 200 countries gathered in Egypt to “be on top” at a time when the conference’s success was at stake.
Speaking the day after the conference was due to end, Shukri said he was aware of the great “discontent” among all parties, but urged countries to be determined to reach a consensus.
The United Nations Climate Conference, which is taking place in Sharm el-Sheikh, Egypt, entered its last day today, Saturday, amid the tireless efforts of delegations to reach consensus on key issues related to limiting global warming and ensuring the pace of warming to 1.5 degrees Celsius, up from 2.8 degrees Celsius.
Compensation mechanism… fundamental question
The complex issue at the heart of the UN-sponsored climate change mitigation talks is compensation for damages caused by climate change in poor countries.
Conference delegates have already agreed to put on the agenda for the first time the issue known as the financing of loss and damage.
Developing countries have long been pushing for a financing mechanism to tackle climate damage in low-income countries, something that rich countries have opposed for years.
The European Union has declared its willingness to reach a compromise on financing climate change damage for countries at risk, but with certain conditions.
EU conditions
First, the most vulnerable countries must benefit from the money, a condition aimed at preventing China, the world’s largest issuer, from benefiting from payments.
However, offsetting climate damage must be linked to greater emission reductions.
Islamic finance and climate change… “sustainable” added value
A new hurdle arose for delegates last night when it was announced that US climate envoy John Kerry, one of the main attendees, had tested positive for the coronavirus.
Kerry’s spokeswoman Whitney Smith said he is fully vaccinated and is experiencing only mild symptoms.
The draft final declaration of the COP27 conference calls for a “phasing out” of coal, but does not mention oil and gas.
This omission comes amid growing calls to phase out fossil fuels if we are to win the fight against climate change.
Threat to recall
The European Union has warned it is ready to abandon climate talks if a satisfactory outcome is not reached, but said it still believes an agreement could be reached on Saturday between negotiators at the COP27 summit in Egypt.
Speaking to reporters on the sidelines of the summit, Frans Timmermans, the EU’s head of climate policy, urged other negotiating parties to take steps in line with the EU’s efforts to reach an agreement.
European Commission Vice President Frans Timmermans said during the World Climate Conference (COP 27) in Egypt that the European Union will not follow any red lines in search of a breakthrough at the summit.
“There is no better result than bad results,” Timmermans told reporters on the sidelines of a conference on Saturday morning, expressing deep concern about some of the positions in the negotiations that took place overnight, stressing that the European Union will fight to reach an agreement to the end. but also ready to leave the conference, not agreeing to a statement if necessary.
Sameh Shukri, Minister of Foreign Affairs and Chairman of the COP 27 Climate Conference, said that the mediation formula is in the process of achieving the desired consensus between the parties, and that it is the responsibility of the parties to move along this path. to fight climate change and protect the planet.
He continued: “The world is watching us and the time is not in our favor, and we must show the necessary flexibility to satisfy all parties.”
He pointed to the need to work towards a baseline on which to build to achieve the desired goals.
He noted that now all parties must show the necessary flexibility to address the challenges of climate change.
Remarkably, the Copenhagen Commitments announced at the 2009 climate summit included $30 billion for poor countries by 2012 and about $100 billion by 2020 to counter the risks of climate change. , and since then what has been highlighted is No. This is not the same as saving people.
