At COP27, developed nations must deliver
2 years, 1 month ago

At COP27, developed nations must deliver

Hindustan Times  

With barely a few days to go before the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change at Sharm El Sheikh, Egypt, two things have happened. If the Security Council indeed takes over the responsibility on this issue, a few States will then have a free-hand in deciding on all climate-related issues.” But the reasons for trying to “cannibalise” UNFCCC are clear if one looks at the status of implementation of climate pledges by developed countries. But with the developed world struggling, they will shift the burden of mitigation on to the Global South, non-State actors, multilateral financing institutions and “market forces.” The $100 billion per year by 2020 pledged at COP15 by developed countries is far from being reached. With floods and extreme climate events in the Indian subcontinent and Small Island Developing States, Egypt has called COP27 “Implementation COP”. Developed nations must not backtrack on their Paris pledges but commit to “Global Net-Zero”, which means “Net-Negative” by 2050, and set pathways for climate financing.

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