How to finance projects to mitigate climate change, adaptation to the changes generated by the environmental emergency and compensation for the damage caused by this existential threat to humanity, are emerging to be the central axes of COP27, the Conference of the Parties or COP (Conference Of Parties) of the United Nations Framework Convention on Climate Change (UNFCCC), an event that brings together the most important negotiating bodies on climate change in the world and that will take place in Egypt from November 6 to 18.
The foregoing was revealed in a meeting with the media led by the special representative of the COP27 presidency, Wael Abulmagd. Well, given the series of comments that have emerged about this meeting, the most important globally on environmental issues, I agree on the urgency of moving from negotiation to the execution of actions for the conservation of nature, it is imperative collective action if we want to somewhat mitigate the consequences of climate change, which we have already been suffering in Mexico and Sinaloa is no exception, to show the prolonged drought we had this year and later the atypical rains that caused so much chaos in some municipalities .
Estimates from international organizations consider that by 2050 climate change could lead to a loss of 4% of the global economy, mainly affecting less developed countries, currently five million people die each year due to extreme temperatures. And it is that, six years have passed since the signing of the Paris Agreement for the Reduction of greenhouse gas emissions, a period that has gone by in the negotiation of aspects such as the operation of the commitments and has not been concrete action, everything at the moment has remained in promises and good intentions, while the problem of climate change advances at an accelerated pace.
Undoubtedly, the big issue at this COP27 will be how to finance these mitigation strategies, since to achieve this it is essential that the private sector participate because governments cannot do it alone. We will have to be very aware of the conclusions of this conference, the eyes of the world will be in Egypt, we hope that the best agreements will be made and a specific financing project will be drawn up that also includes adaptation to climate change as a priority.
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