What is COP27?
United Nations (UN) climate summits are held every year, for governments to agree on steps to limit global temperature rises.
They are referred to as COPs, which stands for “Conference of the Parties”. The parties are the attending countries that signed up to the original UN climate agreement in 1992.
COP27 is the 27th annual UN meeting on climate. It is taking place in Sharm el-Sheikh until 18 November.
World leaders are discussing action to tackle climate change at the COP27 climate summit in Egypt.
It follows a year of climate-related disasters and broken temperature records.
Why is COP27 important?
The world is warming because of emissions produced by humans, mostly from burning fossil fuels like oil, gas, and coal.
Global temperatures have risen 1.1C and are heading towards 1.5C, according to the UN’s climate scientists, the Intergovernmental Panel on Climate Change (IPCC).
If temperatures rise 1.7 to 1.8C above 1850s levels, the IPCC estimates that half the world’s population could be exposed to life-threatening heat and humidity.
To prevent this, 194 countries signed the Paris Agreement in 2015, pledging to “pursue efforts” to limit global temperature rises to 1.5C.
What will be discussed at COP27?
Ahead of the meeting, countries were asked to submit ambitious national climate plans. Only 25 have done so to date.
COP27 will focus on three main areas:
- Reducing emissions
- Helping countries to prepare for and deal with climate change
- Securing technical support and funding for developing countries for the above
Some areas not fully resolved or covered at COP26 will be picked up:
- Loss and damage finance – money to help countries recover from the effects of climate change, rather than just prepare for it
Sadko Plast is Landing in Sharm El Sheikh for COP 27 from the 6th till the 17th of November 2022.
Stay Tuned to know more about Sadko plast’s Sustainability Projects & Investments.