- Sputnik International, 1920
Africa
Get the latest Africa news from Sputnik International: breaking news, photos, videos, analysis, and features.

COP27: Egypt Urges Developed Nations to Take On Financial Burden for Tackling Climate Change

© AP Photo / David BebberFILE - In this July 11, 2006 file photo, a vessel sails towards a wind farm off the coast of Whitstable on the north Kent coast in southeastern England
FILE - In this July 11, 2006 file photo, a vessel sails towards a wind farm off the coast of Whitstable on the north Kent coast in southeastern England - Sputnik International, 1920, 20.09.2022
Subscribe
International
India
Last year, a climate conference in Scotland adopted a resolution aiming to boost efforts in decreasing dependence on fossil fuels and pledging to support developing countries in energy issues.
Egyptian foreign minister Sameh Shoukry stated on Tuesday that most of the world's advanced economies should double down on their efforts to tackle climate issues, ahead of the next COP27 conference, which is being hosted by the country.

"Developed countries need to make significant new financial commitments, including through the Green Climate Fund and the Adaptation Fund, and more importantly, ensure that a symbolic sum of $100 billion is committed by 2023," Shoukry said in a special address.

According to the minister, "climate change financing is still far below the needs and expectations."

"We all must continue to develop and improve the regulatory framework and tools necessary to implement the principle of a just green transition that does not ignore social and economic factors and needs," Shoukry added.

The COP27 climate summit is scheduled to be held in the Egyptian resort city of Sharm El-Sheikh on Novermber 6-18, after series of regional consultations was held by Cairo over the past two months.
Last year, political leaders from around the world gathered in Glasgow, Scotland, to as an attempt to help countries reach the goals set by out by the 2015 Paris Agreement on greenhouse emission reduction and other ecology issues.
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала