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Download logoSouth Africa congratulates the Egyptian COP27 Presidency for successful hosting of the twenty seventh session of the United Nations Framework
The Minister was addressing a virtual media briefing on the outcomes of the recent United Nations Framework Convention on Climate Change (UNFCCC) Sharm el-Sheikh Conference of Parties (COP 27).
The UN Climate Change Conference receives criticism for a document that fails to agree on CO2 emission reductions.
Countries meeting at the COP27 in Egypt agreed to create a specific fund to finance loss and damage but failed to make progress on curbing fossil fuel development
SHARM EL SHEIKH (November 20, 2022) - The UN climate negotiations (COP27) held in Sharm El-Sheikh, Egypt concluded with delegates reaching agreement to establish a fund to help vulnerable countries deal with losses and damages from climate impacts. Negotiators also called for countries to accelerate the adoption of renewable energy, but the talks concluded without new, strong language on curbing greenhouse gas emissions or giving developing countries confidence that funding for adaptation is ramping up fast enough to double by 2025.