Berliner Boersenzeitung - Egypt calls for 'reality check' in UN climate talks

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Egypt calls for 'reality check' in UN climate talks
Egypt calls for 'reality check' in UN climate talks / Photo: Khaled DESOUKI - AFP/File

Egypt calls for 'reality check' in UN climate talks

Egypt hopes to jump-start the action needed to face a warming world when it takes the presidency of major UN climate talks in November, but warns that countries need a "reality check" as progress stalls.

Text size:

Presiding over the inflection point when a decades-long United Nations climate process switches from negotiation to "implementation", Egypt has set a high bar for its leadership of this year's COP27 climate summit.

But the challenge of maintaining international momentum on climate change has been made even harder as the world faces a catalogue of challenges, with Russia's invasion of Ukraine and spiralling food, energy and economic crises.

"Because of the geopolitical situation, climate change is being pushed back," said Ambassador Mohamed Nasr at a meeting in the German city of Bonn meant to lay the groundwork for the Egyptian conference.

"We are facing a big challenge."

Outgoing UN climate leader Patricia Espinosa had told delegates that when global leaders gather in Sharm el-Sheikh in November the world will "look nothing like" it did during the climate talks in Glasgow last year.

The international community has agreed that climate change poses an existential threat to human systems and the natural world.

But action to cut carbon pollution and prepare for the accelerating impacts is lagging, as is support for vulnerable countries confronting the ravages of a changing climate.

"It's time to start the reality check. We have been planning and planning," said Nasr. Now the question must be: "Is it delivering on the ground or not?"

- Loss and damage -

Nasr said that while Egypt's presidency of the conference would have "African flavour and African vision", it would remain resolutely international in focus.

Added to the geopolitical crises are the surging frustrations of vulnerable nations least responsible for climate change over a lack of funding from rich polluters to help them cope with a warming world.

A promise of $100 billion a year from 2020 is still not met.

Another flashpoint is "loss and damage", UN speak for climate damages already incurred. Developing countries have called for a separate financing facility but have only got a "dialogue" instead.

The issue dominated the Bonn talks last week and with little resolved looks likely to be a major theme at COP27 as developing countries push to get it on the agenda.

"It is not what we hoped for," said Nasr.

He said the historic 2015 Paris Agreement was a "very delicate balance" between pushing ever-more ambitious action on emissions reductions alongside work to help countries prepare for future impacts and deal with damages.

While countries have ramped up ambitions -- if not action -- to meet the Paris goal of capping warming to 1.5 degrees Celsius above pre-industrial levels, he said the other elements have yet to be afforded the same level of urgency.

"We need to give assurances to the big constituency of developing countries that their priorities are being dealt with on the same level," said Nasr.

Another key challenge will be to harness the financial clout of the development banks and private sector to remove barriers hampering the investments needed to reduce emissions and build the infrastructure countries require to grapple with climate change.

"We need this transformation that has happened here (in the UN process) to find its way into those institutions," said Nasr, calling for more innovative ways to open up access to investments.

"We cannot continue in a business-as-usual scenario when it comes to finance."

Egypt will release its own updated climate plan within weeks, said Nasr, promising "ambitious targets", as the country looks to cut emissions in sectors including energy and transport.

But the country, currently battered by record inflation and a severe economic crisis, faces an uphill battle to clean up polluting sectors.

Nasr stressed that "like the overwhelming majority of developing countries, the fulfilment and implementation" of the country's strategy would depend on appropriate finance.

- 'Start delivery' -

The UN's annual Conference of the Parties involves nearly 200 countries, with hundreds of observers, NGOs and -- very often -- mass demonstrations designed to ramp up the pressure on political leaders.

In Glasgow, large, colourful street protests involving young campaigners, indigenous groups and local communities filled the streets for several days.

Nasr said such gatherings would be allowed around the conference in Egypt, which has outlawed demonstrations, although he said protesters would need to inform and "coordinate with authorities in advance".

He also sought to give reassurances about access for observers to the UN process after hotel room costs escalated dramatically for some, adding that the government had booked 10,000 rooms at two- and three-star hotels.

As for the decision-makers due to gather in Sharm el-Sheikh, he said that after almost three decades of UN climate talks, they know what is needed to reignite momentum.

"They should make it easier on the presidency and on each other and start delivery," he said.

(P.Werner--BBZ)