EGYPT: There is non-delivery and potential backsliding in finance pledges for climate change by developed countries, Egypt’s chief climate negotiator Ambassador Mohamed Nasr said on Tuesday.
Nasr made the remarks during a virtual press briefing on the preparations of the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) that will be hosted by Egypt next month in the Red Sea resort city of Sharm El-Sheikh. Answering a question by Xinhua, Nasr said the developed countries have consistently failed to meet their pledge to provide 100 billion U.S. dollars a year in climate finance to developing countries since the Copenhagen Climate Change Conference in 2009.
There is backsliding and non-delivery of pledges, said Nasr, who is also director of the Environment, Climate and Sustainable Development Department at the Egyptian Ministry of Foreign Affairs.
The parties “enjoy” going into a process of planning, but nothing is happening on the ground, he added. He noted that future generations will most probably pay the price for the current non-delivery of pledges. “If you look at the climate finance pledges, they are minimal compared to what is being mobilized for other causes,” Nasr said.
RELATED STORIES
Egypt, the host country, hopes that the current global geopolitical scene will not find its way into the COP27 negotiations, the Egyptian official affirmed.
