COP27: Sunak says UK will triple funding for adaptation

The Just Energy Transition Plan, supported by the UK, US, France, Germany and the European Union, is seen as a blueprint for other coal-dependent developing countries to cut greenhouse gas emissions.

Getting the deal across the line a . would be seen as a significant victory for COP Summit Blockbuster announcements are likely to fall short. It also reflects progress on coal as emissions from the most polluting fossil fuel continue to set records.

More than 100 world leaders have begun arriving in Sharm el-Sheikh for the United Nations’ annual climate change summit, attempting to keep pace in the fight to stop planet-warming emissions.

Despite an initial success putting the issue of compensating poor countries for the effects of climate change on the agenda for the first time, delegates are now aiming harsh criticism at each other, ranging from climate reform to mitigation and adaptation in poor countries. issues relating to funding. ,

Rising energy prices, exacerbated by Russia’s war in Ukraine, have prompted many governments to prioritize the security of supply over the transition to clean energy.

If the world has any chance of keeping global warming below 2 °C, global emissions should begin to decline rapidly before 2030. But they are likely to set a record this year. Countries from Pakistan to America have been hit by unprecedented climate disasters.

German Chancellor Olaf Scholz, Macron and British Prime Minister Rishi Sunak are among the biggest names at the start of the two-week programme. US President Joe Biden and Brazil’s elected President Luis Inácio Lula da Silva are due to appear later.

The most notable no-shows are China’s Xi Jinping and India’s Narendra Modi, leaders of the world’s largest and third-largest emitters.

“Instead of expecting developing countries to be burdened by carbon debt from rich countries and somehow abandon the same path of development, we are helping those countries put their fast track to clean development,” he said. They said.

Sunak said Britain was already meeting its commitment of £11.6 billion and investing £65 million in green projects in Kenya, Egypt and other countries.