Highlighting the necessity of a just transition, the Egyptian presidency of COP 27 set the following goals for the just concluded event (COP 27): Adaptation, Mitigation, Finance, and Collaboration.
It is indeed ideal to understand that, Climate Change is the greatest environmental challenge of our time. If the world is to meet the agreed climate goals within the available time frame, we needed mature and readily deployable solutions.
This year's COP27 is being held in Sharm el-Sheikh from the 6th to today's date 18th November, 2022. This event hosted delegates from the 198 parties to the UNFCCC. It is to explore the aforementioned themes, as well as biodiversity and decarbonisation.
There is an expectation that, great focus will be placed on how to finance climate change mitigation based on (Article 4 of the Paris Agreement), as well as adaptation policies (Article 7 of the Paris Agreement). Adaptation refers to altering or adjusting behaviour, systems and ways of life to protect society from the impacts of climate change. Mitigation on the other hand calls for ways to make the impacts of climate change less severe for the planet. As things stand, the event looked at ways of promoting a progressive agenda understood as “together for implementation”, indicating the international community recognises it needs to implement environmental and climate-based treaties and agreements.
The intention at COP27 was to get high-income countries to implement their 2009 pledge to support mitigation and adaptation policies. This is likely to include an emphasis on what is increasingly called “climate reparations,” which is related to a loss and damage fund that China and the Group of 77 have argued for, but which high-income countries rejected in Glasgow at (COP26).
Finally, the next session of the Conference of the Parties (COP 28) to the UNFCCC will commence from 30 November to 12 December, 2023. It will take place in the United Arab Emirates.