The actions the world takes this decade will determine whether we prevent more severe climate impacts, or whether we open the door to irreversible damage at a devastating scale. The risks are highest for developing countries, which are more vulnerable to devastation and disruption. Ensuring adequate financial flows, investments, and innovation to increase the resilience of low-income and low-lying countries is critical.
In November 2022, the Government of the Arab Republic of Egypt hosted the 27th Conference of the Parties of the UNFCCC (COP27), with a view to building on previous successes and paving the way for future ambition to effectively tackle the global challenge of climate change.
Partner and Media Content
- COP27 Reaches Breakthrough Agreement on New “Loss and Damage” Fund for Vulnerable Countries (UNFCCC)
- In dialogue at COP27: What's lost, what's damaged and what's at stake (GreenBiz)
- Virtual Situation Room Launched to Track World’s Great Challenges: Limiting Climate Impacts, Halting Biodiversity Loss, and Building a Just and Equitable Economy (WRI)
- At the initiative of Senegal and Spain, leaders at COP27 launch an alliance to get ahead of future drought (UNCCD)
- Evénement One Planet sur les réserves vitales de carbone et de biodiversité (Élysée.fr)
- COP27: President of the Swiss Confederation urges international community to keep 1.5°C target in sight (MFA of Switzerland)
Announcements for LDCF and SCCF
As financiers supporting the implementation of the Paris Agreement, GCF and the GEF share a common goal: to empower developing countries to address the climate crisis and protect nature in an inclusive way. When working in partnership, both organizations will help reach this vision faster and at scale.
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