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Shoukry: Egypt’s COP27 vision aims to translate pledges into concrete initiatives
President Designate of the United Nations Climate Change Conference (COP27) and Egyptian Minister of Foreign Affairs Sameh Shoukry stressed the importance of turning commitments and agreements into initiatives on the ground via partnerships that can make stories of success for addressing climate change.
“Our vision is that COP27 should reflect our commitment to move from pledging to action as an implementation COP, where commitments become immediate and effective,” Shoukry said.
“This allows moving rapidly towards full, timely, inclusive and at scale action on the ground through translating agreements and pledges into concrete initiatives, scaling up and replicating success stories to deal with threats of climate change”, he added.
He made the remarks in a recorded speech during the Arab Regional Forum on Climate Initiatives to Finance Climate Action which was held in Beirut.
This is the fourth forum out of five regional forums organized by the Egyptian Presidency of COP27, the UN Climate Change High-level Champions, and the five United Nations regional commissions.
Meanwhile, UN Deputy Secretary-General Amina Mohamed said in a video message that countries must make good on their commitments, and developed countries must demonstrate how they will abide by their pledge to deliver a $100 billion annually and double adaptation finance to $40 million, as agreed during the COP26 in Glasgow.
“Innovative financial instruments can help, including initiatives such as the Climate/SDG Debt Swap-Donor Nexus put forward by ESCWA,” she added.
The Forum was an avenue for facilitating engagement among a broad set of partners and stakeholders to accelerate public and private investment mobilization, and blended finance opportunities around concrete projects and initiatives. It also connected institutional investors, private sector financiers and development partners with Governments to broker dialogue around co-creating investment opportunities to support priority actions in the region.
Participants in the forum called upon public and private stakeholders, as well as leaders of the international development community who are committed to delivering on climate finance in the region, to identify entry points for climate finance to accelerate access to clean energy and energy-efficient technologies, and to identify means to ensure water and food security.
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