- He noted that countries have not yet committed to the 1.5-degree Celsius pledge, adding that it was not too late for each country to do so based on national abilities.
- The loss and damage resolution aims to establish a fund to help vulnerable and poor countries pay the rising costs of climate damage.
Egypt’s Minister of Foreign Affairs Sameh Shoukry announced that Egypt would host a climate conference in Luxor on implementing the COP27 resolution on ‘loss and damage’ before the COP28 to be held in the UAE in November of this year. He met with Denmark’s climate minister Dan Jørgensen on the sidelines of Copenhagen’s Ministerial Climate Change Conference.
The Luxor conference will discuss implementing loss and damage and other resolutions adopted at COP27, according to Shoukry. The loss and damage resolution aims to establish a fund to help vulnerable and poor countries pay the rising costs of climate damage mostly caused by wealthier and developed countries. Shoukry stressed during the presser the importance of implementing COP27 outcomes and recommendations to face the negative impacts of climate change.
He noted that countries have not yet committed to the 1.5-degree Celsius pledge, adding that it was not too late for each country to do so based on national abilities.
Shoukry also stressed the importance of implementing the pledge made by the developed nations to support developing ones with $100 billion in climate finance. He stressed that “programs and funding must be provided to countries to reach their pledges’ goals.”
He noted that “there is unanimous agreement on the need for immediate impact actions to mitigate the impact of climate change.” On a related note, Shoukry stressed during the presser that Egypt is relying on the transfer of technology from friends and partners to wean itself off fossil fuels and ramp up the use of renewable energy. He added, “By the year 2035, renewable energy will constitute about 42-43 percent of Egypt’s total energy production, according to estimations.”