Egypt’s chief climate negotiator, Amb. Mohamed Nasr, said that there is a failure to deliver and a a probable backsliding from finance pledges made for climate change by developed countries.
This statement was made by Amb. Mohamed during a virtual press conference on the preparations of the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) to be hosted by Egypt in November 2022.
He asserted that the developed countries have regularly failed to meet their promise to provide $100 billion a year in climate finance to developing countries since the Copenhagen Climate Change Conference in 2009.
“There is backsliding and non-delivery of pledges” Mohamed said. He is also director of the Environment, Climate and Sustainable Development Department at the Egyptian Ministry of Foreign Affairs.
He asserted that the parties “enjoy” moving into a process of strategizing, however nothing is taking place on the ground, he added.
He pointed out that future generations will most likely pay the price for the current non-delivery of pledges.
“If you look at the climate finance pledges, they are minimal compared to what is being mobilised for other causes.” he asserted
Egypt which is the host country is hopeful that the present worldwide geopolitical scene will not find its way into the COP27 negotiations.
The 2009 commitment by the developed countries to “jointly mobilise $100 billion annually in climate finance” in support of developing countries by the year 2023 came three years later than was initially planned, the Egyptian official affirmed