07 December 2022 02:31 AM

FM urges renewal of nationally-determined contributions to strengthen climate mitigation

Tuesday، 04 October 2022 - 08:40 PM

Foreign Minister Sameh Shoukry has pressed for renewing the nationally-determined contributions to strengthen the climate mitigation action plan during the 2022 UN climate conference, COP27, which will be held in Sharm El Sheikh next month.

During his participation in a Kinshasa-hosted forum on countries most affected by climate change under the chairmanship of Ghana, the foreign minister said that the majority of funding sources are directed to emission reduction, while small funding resources are channeled into the issues of climate mitigation, adaptation and resilience.
He added that grants constitute 6% of the total funding, while the vast majority of funding comes in the form of loans, which exacerbates the burdens on developing countries, Spokesman for the Foreign Ministry Ahmed Abu Zeid said.
The minister called on all parties to deal with the aforementioned challenges in order to ensure the reduction of emissions, food and water security and fair financing.
Shoukry further reviewed efforts exerted to reach a global consensus on losses caused by climate change with a view to continuing efforts in this regard.
The forum was held on the sidelines of the pre-COP27 meetings in the Congolese capital Kinshasa.

MENA


Related Stories

Most Visited

From To