COP27: A climate summit after empty promises and failed financing

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  • by Thalif Deen (United Nations)
  • Inter Press Service

The summit – the 27th Conference of States Parties (COP27), scheduled for November 6-18 – is heralded as one of the largest annual climate action gatherings, this time in the Egyptian coastal city of Sharm el-Sheikh.

The UN’s Brussels-based Center for Constitutional Research (CUNCR) predicts that COP27 will “probably face the same empty promises and no actions by most of the major countries responsible for climate change.”

Speaking at the launch of the United Nations Environment Program (UNEP) Adaptation Gap Report, released on the eve of COP27, Secretary General Antonio Guterres warns that “the world is failing to protect people from the -and-now consequences of the climate crisis”.

“Those on the front lines of the climate crisis are at the back of the line for support. The world is falling far short both in stopping the growth of greenhouse gas emissions and in starting much-needed efforts to plan, fund and implement adjustments in the face of mounting risks.”

He also pointed out that adaptation needs in developing countries will rise to as much as $340 billion a year by 2030.

“Yet today, adjustment aid is less than a tenth of that amount. The most vulnerable people and communities pay the price. This is unacceptable,” Guterres said.

Gadir Lavadenz, Global Coordinator, Global Campaign to Demand Climate Justice (DCJ), told IPS COP 27 it couldn’t be another example of how power is usurped.

“It is outrageous to see large companies still manipulating and dominating this process. Big polluters have a role to play, stop polluting and don’t use the climate COPs to green their actions. COP 27 should send a strong signal to the world that the multilateral system can still play a role in the climate crisis.”

Lavadenz also pointed out that the $100 billion annual target has not only been systematically evaded by developed countries, but has proved insufficient to cope with the scale of our climate crisis, and there is mounting evidence of this.

“Unlike its predecessor, COP 27 should move away from false solutions such as geoengineering, carbon offsets, nature-based solutions and others, and instead focus on the issues that could affect the most vulnerable countries and groups” .

Finance is not about cold numbers, but about the lives that are currently in danger and that have no resources to deal with a problem caused by the consumer culture of a small privileged part of this world.

“COP 27 cannot be remembered as just another gathering, but as a moment to show progress and hope through real solutions,” said Lavadenz, who is the coordinator of a global network of more than 200 grassroots, regional and global networks and organizations advocating for climate change. justice.

Flagging a new report from the United Nations Framework Convention on Climate Change (UNFCCC), UN spokesman Stephane Dujarric told reporters Oct. 26 that countries are bending the curve of global greenhouse gas emissions, but the report underlines that these efforts remain insufficient. to limit global temperatures to 1.5 degrees Celsius by the end of the century.

The report shows that current commitments will increase emissions by 10.6 percent by 2030, compared to 2010 levels.

This is considered an improvement from last year’s assessment, which found that countries were on track to increase emissions by 13.7 percent by 2030, compared to 2010 levels, “but it’s still not a good thing.” news”.

Only 26 of the 193 countries that agreed to step up their climate actions last year have persevered, pointing the earth to a future marked by climate catastrophes, according to the UN report

Meena Raman, a senior researcher at the Third World Network, a member organization of the Global Campaign to Demand Climate Justice (DCJ), told IPS the goal of $100 billion should be $100 billion a year.

“This target is not expected to be met and is complicated by the way climate finance is counted.”

She pointed out that the definition of what constitutes climate finance is in itself a topic being discussed at the COP.

“As many developing countries are in debt, providing more loans to be repaid is a very big problem for those countries that need the funding.”

What is needed, she argued, is more subsidies for adaptation needs in particular and funds to address loss and damage.

Meeting the climate finance needs of developing countries through non-debt-creating instruments is critical, including through the reform and re-channelling of special drawing rights as direct grants for climate finance.

COP 27 should not be a lost cause. It is time to implement the developed countries’ commitments in real terms, Raman said.

US Secretary of State Antony Blinken told reporters last week: “When we were together at COP26 (in Scotland in October-November 2021), we submitted a statement, a statement, for the elimination or reduction of methane gas by 30 percent. percent by 2030.”

“We are now looking at most countries that are committed to this. If everyone did this, it would be the equivalent of removing all vehicles and all ships and all aircraft currently in the world in terms of emissions. So we can really have an impact. We can do whatever it takes to maintain the temperature rise of 1.5 degrees Celsius,” he said.

Report of the IPS UN Office


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© Inter Press Service (2022) — All rights reservedOriginal source: Inter Press Service





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