COP 27 Must “Quicken Pace” on Climate Adaption – Sharma

In a speech at the Africa Adaptation Summit opening ceremony, Alok Sharma said COP 27 must “consolidate” the commitments made at last year’s UN climate summit in Glasgow. Sharma, President of COP 26, said that nations are “moving in the right direction” on climate adaptation, but they need to “quicken that pace”. Sharma highlighted that the “chronic threat of climate change” had worsened since COP26 and is not “getting better”. With annual adaptation costs estimated to reach at least US$140 billion per year by 2030, Sharma said private finance is essential to make up the gaps left from public finance. While he praised multilateral efforts at COP 26, Sharma urged further action. “I said in Glasgow that the pulse of 1.5 is weak. It does remain weak right now… Climate change does not recognise borders. And I think the sooner every world leader recognises that, the better.” 

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