July 16-17, 2022
Unedited from emailed statement:
- Loss and Damage: Following June’s UN climate technical meetings in Bonn and the G7, ministers need to show progress on a Loss and Damage package that includes both insurance and financing options. Under the UNFCCC context, advancing discussions on a possible agenda item at COP27 and the operationalisation of the Santiago Network are key elements. The Petersberg Dialogue also needs to address new funding arrangements outside the UNFCCC, such as the Global Shield and the V20 facility initiatives. Wider political signals are also needed on addressing Loss and Damage and ensure it has a dedicated separate category in climate finance.
- Adaptation: COP27 as an African COP requires concrete progress on adaptation. At COP26, developed countries committed to the doubling of adaptation finance by 2025. Now, an action plan is needed to establish how to deliver the 100 billion. On adaptation action, ensuring progress on defining a Global Goal on Adaptation and defining the next steps for the Glasgow-Sharm el-Sheikh work programme will be key for COP27.
- Mitigation: As COP27 is a deadline moment for enhancing 2030 NDCs, ministers have the opportunity to discuss an ambitious implementation of the Mitigation Work Programme. Political signals from Petersberg are needed to shift away from fossil fuels – and ensure that the global energy transition is inclusive, and further partnerships are developed.
- Climate Finance: COP27 success depends on the delivery of finance pledges across the whole climate agenda. This includes progress on accessibility, accountability, and addressing gaps. Pledges should go beyond Loss and Damage and address the Global Goal on Adaptation, New Collective Quantified Goal, and the Global Stocktake, where countries should develop a package that would make tangible progress on climate finance for COP27.
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Corrected to spell Petersberg with erg. Apologies.