GATINEAUQC, November 21, 2022 /CNW/ – “Canada and nearly 200 other countries reached agreement on the Sharm el-Sheikh Implementation Plan, the next step towards climate ambition under the Paris Agreement. This result of 27e The United Nations climate conference has come to an end. Over the past few days, Canada worked hard to secure improvements in the text of the final decision, rallying together developed and developing countries for an agreement that all countries could accept. We leave Egypt with a result that keeps the 1.5 target alive and supports the world’s most vulnerable, securing a landmark loss and damage deal.
“The process has been difficult with many difficult points in the negotiations along the way. Early drafts of the decision text undermined the ambition of the Paris Agreement and failed to reflect and building on the ambition and alignment achieved by all parties just a year ago in Glasgow. It made no sense. from Canada position was unwavering: the latest science indicates that we must limit temperature increases to 1.5 degrees to avoid the worst consequences of climate change, and that countries must accelerate their efforts to mitigate climate change, and that we must not back down. This is exactly what we are doing at home with our Sector-by-Sector Emissions Reduction Plan. With the help of many like-minded countries, we managed to prevent any rollback, but I’m disappointed that we couldn’t go further than that.
“Canada came to COP27 having laid the groundwork for an in-depth discussion on loss and damage, pushing to ensure that it is an item on the agenda, something that has never happened in the three decades of COP. Today, we have achieved a historic result for the creation of a fund to help particularly vulnerable developing countries cope with the loss and damage caused by the adverse effects of climate change. Countries must now build on this momentum in the work needed to set up this fund to benefit the world’s most vulnerable and tap into broader funding sources, including all countries that have the capacity to contribute as well as multilateral, philanthropic, private organizations and other innovative sources of funding.
“Canada has also fought hard to ensure that the world does not backtrack on phasing out subsidies for fossil fuels and coal, which remain the main sources of CO2 emissions. Canada reiterated our commitment to phase out fossil fuel subsidies by 2023, two years earlier than the G20 commitment. We are also on track to eliminate coal power at home by 2030. During a global energy crisis, we are more committed than ever to supporting the global transition to cleaner, renewable forms of energy, by moving us away from our reliance on fossil fuels. .
“I am also delighted that, for the first time ever, the cover text calls on multilateral development banks and financial institutions to reform their practices, ensure greater access to climate finance and develop operational models to deal with adequately to the global climate emergency.
“Canada would have liked to see stronger references to human rights and the rights of indigenous peoples and the importance of traditional knowledge in achieving climate ambition. Canada will continue to reinforce the importance of a rights-based approach to climate action worldwide.
“COP27 showed us that the world can progress even in very difficult times. We will continue our momentum as we head towards UN Biodiversity COP15 in Montreal next month and let’s mobilize for ambitious commitments to protect our natural world. »
SOURCE Environment and Climate Change Canada
Show original content: http://www.newswire.ca/en/releases/archive/November2022/21/c7919.html
