GGGI joins COP27 to call for urgent climate action for people and the planet
The Global Green Growth Institute (GGGI) joins Heads of States, ministers, negotiators, climate activists, civil society, and private sector at the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27) in Sharm el-Sheik Egypt between November 6-18, 2022.
COP27 is a call for urgent action on emissions reduction by high emitting countries and for mechanisms that can effectively mobilize finance for mitigation, adaptation and loss and damage.
Particularly, outcomes of COP27 must benefit the most vulnerable countries, the LDCs, LLDCs and SIDS, and poor and vulnerable communities.
As explained, COP27 is a COP on the African continent, which means a strengthened focus on adaptation and sustainable development, and GGGI seeks to amplify the call for action by countries least to blame for the crisis that are disproportionally impacted by global warming.
At COP27, GGGI will highlight how Members and partners are accelerating climate action through the development of robust climate strategies, structuring of bankable projects, and finance mobilization.
Among the highlights, Ethiopia and Vanautu are preparing to launch their Long Term Low Emission Development Strategies at COP27.
GGGI goes to Egypt to build and harness partnerships, exchange solutions and ideas, and mobilize resources to scale up climate action in developing countries and emerging economies.
“We have our teams actively partaking in more than 40 events including official UNFCCC and partners’ side events.” GGGI said in a brief note posted on its website
GGGI at COP27 focuses primarily on actions in the following areas:
|1. Innovative finance for adaptation|
|2. No just transition without gender equality|
|3. The potential of carbon pricing and Article 6 as GGGI launches the Carbon Transaction Platform between its Members|
|4. The need for nature-based solutions to achieve the Paris Agreement|