Information on COP27
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What is COP27?
- I like to say with the example .A simple and best example would be the school.If the school gets some sort of problem,immediately the school management would be organizing meeting ,discuss regarding it and would find the solution .Whereas if it happens globally, the same would be done .World Economic Forum submits the report on Climate Change that it causes many problems globally,so the whole world gathers for the conference and is called COP27.COP27 stands for Conference Of Parties and 27 refers to 27th meeting.Here, all the country`s representatives,CEO of the company,scientists,activists joins the conference .It took place in Egyptian coastal city of Sharm el-Sheikh from Nov 6th to Nov 18th.
What happened in COP27?
- #Namibia secured $544 million in climate finance
- # ISA(International Solar Alliance)in collaboration with Invest India, launched the 'SolarX Grand Challenge'
- #Egypt's COP27 Presidency, in partnership with World Meteorological Organization (WMO), launched AWARe (Action for Water Adaptation and Resilience)
#The UAE and Indonesia launched Mangrove Alliance For Climate
#Germany will provide $172 million to a "Global Shield" insurance
#COP27 launches Africa Just and Affordable Energy Transition Initiative(AJAETI)
#COP27 made an agreement on 'Loss and Damage Fund'
#India announced its ‘Long Term Low Emission Development Strategy’ (LT-LEDS), a roadmap to achieve net-zero emissions by 2070
#Egypt launched the commissioning of the initial phase of its first-ever H2 project to produce green hydrogen