The UN climate summit agreed on the creation of a “loss and damage” fund to help vulnerable countries…reports Asian Lite News
Prime Minister Rishi Sunak on Sunday welcomed the agreement reached at the COP27 climate summit in Egypt, but warned “more must be done”.
“I welcome the progress made at COP27, but there can be no time for complacency. More must be done,” the leader said in a statement issued on Twitter.
“Keeping the 1.5 degrees commitment alive is vital to the future of our planet,” he added.
The UN climate summit agreed on the creation of a “loss and damage” fund to help vulnerable countries.
But it failed to push ahead on further cutting emissions in order to keep alive the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels.
Rishi Sunak attended the summit, but only after U-turning having provoked anger by initially refusing to attend the global event.
Sunak had argued that “pressing domestic commitments” would keep him away from COP27 in the Red Sea resort of Sharm el-Sheikh — after inheriting an economic crisis from predecessor Liz Truss.
Explainer: What India can expect at COP27 climate summit in Egypt?( https://www.facebook.com/COP27Egypt/)
UN experts say Arab region needs over $570 billion by 2030 for climate change adaptation…reports Asian Lite News
The Arab region needs more than $ 570 billion by 2030 to reinforce its adaptation to climate change.
“The Arab region is highly vulnerable to climate change, which is affecting rural and urban communities alike, and having socioeconomic and environmental impacts,” said the Beirut-based UN Economic and Social Commission for West Asia (ESCWA).
As a summary of its new policy brief titled “Climate finance needs and flows in the Arab region,” the ESCWA said the Arab countries’ ability to allocate additional funds for climate action is limited by their fiscal space as the region’s public debt reached a historic high of 1.4 trillion dollars in 2020.
“This trend has been exacerbated by national efforts to fight the repercussions of the COVID-19 pandemic” in addition to the interest rate hikes, inflationary pressures and the conflict in Ukraine, it said.
Rola Dashti, executive secretary of ESCWA, said only 11 Arab countries have provided cost estimates of their financial needs for climate projects in accordance with their Paris Agreement commitments, calling for more to do so to receive financing.
Water security
Egypt’s COP27 Presidency, in partnership with World Meteorological Organization (WMO), launched AWARe (Action on Water Adaptation or Resilience), an initiative that will champion inclusive cooperation to address water related challenges and solutions across climate change adaptation.
AWARe aims at contributing to a successful outcome at the 2023 UN Conference on Water and it brings together the Water and Climate Coalition, the Adaptation Action Coalition as well as the Marrakesh Partnership Climate Action Pathway Water towards scaling up adaptation action.
Speaking on the initiative, COP27 President Sameh Shoukry said: “Increasing water demand from a growing population and variable supply does not make for sound economics. As we work to design and implement solutions across adaptation, water management must feature prominently in the discussions and actions.
“Water is life and is vital to sustaining lives and livelihoods. Through the AWARe initiative we are bringing together stakeholders to alleviate the challenges faced by the world’s vulnerable communities and ecosystems.”
In close cooperation with African Union (AU) and African Ministers’ Council on Water (AMCOW) among other stakeholders, the initiative aims at offering transitional adaptation solutions for the planet and people.
AWARe will focus on three priorities for action: decrease water losses worldwide and improve water supply; propose and support implementing mutually agreed policy and methods for cooperative water-related adaptation action and its co-benefits; and promote cooperation and interlinkages between water and climate action in order to achieve Agenda 2030, in particular SDG 6.
AWARe was launched during the opening session of COP27’s Thematic Day for Water with addresses by Hani Sewilam, Egypt Minister of Water Systems, and Irrigation; Ambassador Ayman Amin Tharwat, Deputy Director for the Department of Climate, Environment and Sustainable Development for the Egyptian Ministry of Foreign Affairs; and Elena Manaenkova, Deputy Secretary General of WMO.
People take photos of an artwork at the Green Zone of the 27th session of the Conference of Parties (COP27) to the United Nations Framework Convention on Climate Change in Sharm El-Sheikh, Egypt, Nov. 10, 2022. (Xinhua/Ahmed Gomaa/IANS)
Minister Hani Sewilam said: “The Global Water Crisis is affecting billions of people worldwide. The AWARe initiative will catalyze inclusive cooperation to address water as a key to climate change adaptation and its co-benefits, as well as enhanced resilience.”
Elena Manaenkova, Deputy Secretary General of World Meteorological Institute, said: “Seventy-four per cent of all natural disasters are water related, we still need to do a lot more to help societies, we must have effective disaster management strategies that protect communities and limit climate-related hazards.”
The AWARe initiative promotes measures to decouple economic growth from freshwater use and degradation; develop national utilization plans, adaptation and mitigation strategies and protect and restore freshwater ecosystems; seek cooperative analysis of river basin scale adaptation and mitigation options and risk of mal-adaptation and support mutually agreed policy solutions to advance a ‘do-no-harm’ approach.
It seeks to support promotion of sustainable waste-water management, sanitation policies and strategies, and water-wise energy pathways besides working on improving early warning systems for extreme weather events.
It will also work towards linking water resources policies with national climate action to reflect climate change long-term impacts on water resources and demand, and to support preparedness and adaptation measures.
The Pan-African Center for Water Climate Adaptation, hosted by Egypt, will ensure the principal delivery mechanism and will focus on main activities and actions including finance, technology and capacity building.
