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COP27 High-level Event: Financing the Global Adaptation Challenge
The COP27 Presidency, the UN Climate Change High-Level Champion, and the Permanent Mission of the Arab Republic of Egypt to the UN in Geneva
Conferences & Exhibitions
2022/10/31 14:00 PM CET
2022/10/31 15:30 PM CET
Adaptation is critical for developing countries on the front lines of climate change to protect against current and future impacts, yet it has been deprioritized in relation to mitigation during climate negotiations. This is proving to be short-sighted and increasingly costly, resulting in loss of lives and livelihoods and vulnerability in the face of major shocks. Climate impacts are damaging growth prospects and forcing governments to divert scarce resources from productive investments. The Glasgow-Sharm el-Sheikh work programme established at COP26 is a step towards the Global Goal on Adaptation (GGA) outlined in the Paris Agreement, but with fiscal and policy space in developing countries being squeezed by multiplying crises, the outlook for transformative adaptation is bleak. A radical enhancement is needed in the scale, scope and nature of financing for adaptation including support for adaptation strategies required to make the GGA fit for purpose.
What are the building blocks of transformative adaptation?
What means of implementation (finance, technology and capacity building) do developing countries need to realise their adaptation ambitions?
What options are there for scaling up financing, including new instruments to meet the real need?
What is the role of private sector investment in adaptation?
Moderator: Richard Kozul-Wright, Director of the Globalization and Development Strategies Division, UNCTAD
Dr. Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt and UN Special Envoy on Financing the 2030 Agenda for Sustainable Development
Ambassador Mohamed Nasr, Director of the Environment, Climate and Sustainable Development Department, Egyptian Ministry of Foreign Affairs and on the COP27 Presidency Team
Prof Saleemul Huq, Director of the International Centre for Climate Change and Development
Dr Youba Sokona, Vice-Chair of the Intergovernmental Panel on Climate Change (IPCC)
Further speakers TBC