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COP27 Set to Begin on Sunday, 6th November 2022 in Egypt

Event 06 Nov 2022 134 0

World Climate Summit COP27

The 27th edition of the climate conference ie COP27 is starting on Sunday in Egypt. The conference is being organized by the Egyptian government with a view to implementing past successes and paving the way for future ambitions.

According to the United Nations Environment Program, the conference that is going to be held in the city of Sharm el-Sheikh will focus on effectively dealing with the global challenge of climate change, which will be raised on this occasion.

Egypt will chair the conference, calling for a clear recognition of the challenge of global climate change and multilateral, collective, and concerted action as the only means of addressing its global threat. According to the Nepali calendar, the topic of global damage caused by climate change is on the main agenda of the conference, which will run from November 6 to November 18.

Welcoming the participants in the conference, the President of Egypt, Abdel Fateh al-Sisi, said that urgent action should be taken to find an appropriate formula to quickly reduce the emission of greenhouse gases, to take the necessary steps to help those in need of assistance to adapt to the negative effects of climate change, and to ensure. He pointed out that the purpose of this conference is to find the necessary means for the implementation of the necessary instruments for developing countries to contribute to this global effort, especially in the midst of continuous international crises, including the growing food security crisis caused by climate change, desertification and water scarcity.

As in previous conferences, it is analyzed that the power nations will focus on how to reduce greenhouse gas emissions and how to raise the necessary spending to deal with the effects of climate change. According to this, small and weak countries will discuss the issue of payments to other countries directly affected by countries that operate industries that cause excessive carbon emissions.

Due to climate change, other natural disasters such as snowmelt, changes in weather cycles, floods, droughts, storms, landslides, and forest fires are on the rise. The question of how to make a collective effort for that will also be debated in different sessions of the conference. Last year, at the COP-26 conference, Scotland announced that it would contribute more than US$1 million for loss and damage assistance, and this year, Denmark would contribute US$13 million.

It is believed that this year's conference will be a guide to the various global agreements reached from Rio de Janeiro in 1992 to the 2015 Paris Agreement and the previous year's COP-26 and to decide their future strategic path.

According to the United Nations Environment Program, it is believed that the conference will be helpful in creating a common concept of how to proceed in the future when the global temperature is declared to be rising above 1.5 degrees Celsius.

However, Nepal has aimed to raise the issue of compensation that Nepal should receive by highlighting the reality of climate adaptation and its direct impact. The Ministry of Forestry and Environment has prepared a concept paper to be presented at the conference. According to which, the problems caused by the melting of snow, along with the issue of adaptation to it, the question of increasing food insecurity in Nepal will be presented. Similarly, it will review the global progress made in the field of climate change in one year, and will raise important issues regarding the state of damage and loss and the collection of climate finance. Representing the mountainous countries, Nepal will also make in-depth comments on the impact of climate change on the island nation.

In addition, Nepal will suggest to make a plan to provide twice the announced financing flow for adaptation as a subsidy through public channels. Last week, the European Parliament also passed a resolution to focus aid funding to developing countries and prioritize grants instead of loans to prevent, mitigate and address harm and loss.

On the other hand, the G-7 and the V-20 group of 55 vulnerable countries have signed an agreement to launch a campaign called Global Shield against climate disasters. According to which, the issue of bearing losses and losses through the insurance system has been emphasized.