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.

Important facts

• 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.