Discussions at COP 27 Will Be Predominated By Climate Change Effect Financing

According to the African Group of Climate Change Negotiators, the continent will keep stressing how crucial it is to reach the USD 100 billion per year by 2020 target that wealthy nations did not reach.

According to the group’s chairman, Ephraim Shitima, who addressed a pre-Conference of Parties (COP) 27 event in South Sinai Sharm el-Sheikh, Egypt, hosted by Pan African Climate Justice Alliance, this is the case.

The 27th Conference of the Parties (COP 27) to the United Nations Framework Convention on Climate Change will take place in this Egyptian city (UNFCCC).

The worldwide conference, which will take place from November 7–18, 2022, will take place when huge natural disasters brought on by climate change are plaguing Africa.

The summit takes place in the midst of the global oil and food crises, unmet climate promises from earlier sessions, and upheaval in numerous nations throughout the world.

Mr. Shitima reaffirmed that the goal of COP 27 should be to advance the implementation of country determined contributions, adaptation, and the provision of financing to improve the implementation of climate initiatives.

The group’s legal counsel, Prof. Seth Osafo, on the other hand, claimed that the ongoing crisis between Russia and Ukraine has put a burden on financial help to Africa.

Since many African nations have low budgetary resources, he urged the region to reconsider its reliance on Western funding, stating “this is going to be a difficulty.”

The loss and damage story is another topic that is anticipated to receive significant attention at the COP 27. African nations intend to pressure wealthy nations to make up for lost and damaged sources of revenue as a result of climate change effects.

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