The climate change conference that took place in Sharm El-Sheikh, Egypt earlier this month, negotiated a broader range of issues, from global reporting on national climate change efforts and how to finance such efforts, the spokesperson said of Namibia’s Ministry of Environment, Forestry and Tourism, Romeo Muyunda said in an update statement.
“Namibia was well represented at both the political and technical levels,” he said, while outlining some of the decisions Namibia is pleased with.
According to Muyunda, the historic victory agreement on the establishment of the first exclusive fund for loss and damage is one of the decisions welcomed by Namibia.
“The fund will help developing countries with financial and technical support to rescue and rebuild the physical and social infrastructure of developing countries devastated by extreme weather events, including weather-related emergencies, sea level rise, displacement, relocation , migration, insufficient climate information and data, or the need for climate-resilient reconstruction and recovery,” he added.
New pledges to the Adaptation Fund were made at COP27, totaling more than US$230 million, a small sum given the magnitude of the needs in developing countries. Despite the efforts made in financial pledges to the Adaptation Fund, COP27 also urged developed countries to set a clear roadmap to mobilize 100 billion US dollars per year by 2024/5, Muyunda said.
In addition, Muyunda said that the decision to double financing for adaptation was made and that COP27 urgently asked developed countries to scale up and mobilize financial support to developing countries to implement their Nationally Determined Contributions (NDCs). .
Muyunda said the mitigation work program was set to halve current emissions by 40 to 50 percent by 2030 with developed countries leading the way.
“It was also decided that the work program will work in a manner consistent with the procedures and deadlines for the communication of successive NDCs established in the Paris Agreement, and that the scope of the work program should be based on broad thematic areas relevant to urgently increasing the mitigation ambition,” he said.
In the meantime, Muyunda said that the parties agreed to start the development of a framework for the global goal of adaptation to be carried out through a long-term structured approach under the Glasgow-Sharm el-Sheikh work program in 2023 with with a view to the framework being adopted at the next COP. COP28 will meet from November 30 to December 12, 2023 in the United Arab Emirates.
The COP is the global decision-making body of the United Nations Framework Convention on Climate Change. ■