COP27 presidency launches Sharm-el-Sheikh Adaptation Agenda

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Sharm-el-Sheikh Adaptation Agenda

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.

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