COP27 presidency launches Sharm-el-Sheikh Adaptation Agenda
Tags: Environment International News
At the United Nations Climate Change Conference in Egypt, the COP27 Presidency launched the Sharm-el-Sheikh Adaptation Agenda to enhance resilience for the four billion people living in the most climate-sensitive communities by 2030.
The Sharm-el-Sheikh adaptation agenda represents a significant contribution to elevating global action on adaptation and resilience as a top priority.
Each outcome presents a global solution that can be adopted locally to respond to local climate contexts, needs and risks
This will help bring about the necessary changes in mechanisms to protect vulnerable communities from increasing climate hazards, such as extreme heat, drought, floods, or extreme weather.
Developing countries also demanded that the fund should be easily accessible.
It aims to reduce the devastating effects of climate change.
The presidency sought to raise $140 billion to $300 billion to advance these goals.
Developing countries, including India, are asking rich countries to agree to a new global climate finance target, also known as the New Collective Quantitative Target on Climate Finance.
These actions will be carried out in five impact systems – Food and Agriculture, Water and Nature, Coastal and Ocean, Human Settlements, and Infrastructure.
These actions will include enabling solutions to plan and finance these areas.
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