COP27 Presidency launches the Sharm-El-Sheikh Adaptation Agenda

COP27 Presidency launches the Sharm-El-Sheikh Adaptation Agenda

COP27 Presidency today launches the Sharm-El-Sheikh Adaptation Agenda in partnership with the High-Level Champions and the Marrakech Partnership.

The Sharm-El-Sheikh Adaptation Agenda released by the COP27 presidency outlines 30 adaptation outcomes to enhance resilience for 4 billion people living in the most climate-vulnerable communities by 2030.

Each outcome presents global solutions that can be adopted at a local level to respond to local climate contexts, needs, and risks and deliver the transformation of the system required to protect vulnerable communities from rising climate hazards, such as extreme heat, drought, flooding, or extreme weather.

These outcomes represent the first comprehensive global plan to rally both state and non-state actors behind a shared set of adaptation actions that are required by the end of this decade across five impact systems: food and agriculture, water and nature, coastal and oceans, human settlements, and infrastructure, and including enabling solutions for planning and finance.

The 30 Adaptation Outcomes include urgent global 2030 targets including investing $4 billion to secure the future of 15 million hectares of mangroves through collective action to halt loss, restore, double protection, and ensure sustainable finance for all existing mangroves and mobilizing $140 to $300 billion needed across both public and private sources for adaptation and resilience and spur 2,000 of the world’s largest companies to integrate physical climate risk and develop actionable adaptation plans.

“At the core of the outcomes is the recognition that adaptation is often locally-driven and globally relevant, while simultaneously needing to address equity, diversity, and justice. This agenda will accelerate the Race to Resilience’s global goal of making 4 billion vulnerable people more resilient by 2030. Of particular importance is the role of key enablers like finance and planning to accelerate adaptation in the near term. $140 to $300 billion needs to be mobilized across both public and private sources annually with a minimum target of 50% for adaptation, as called by UN Secretary-General Antonio Guterres. Of particular concern and focus is Africa, where the private finance share in the total financing of climate adaptation efforts is not more than 3% ($11.4 billion). Seven times that amount will be needed annually until 2030,” Mahmoud Mohieldin UN Climate Change High-Level Champion for COP27, said.

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