{"id":46982,"date":"2022-11-07T07:49:15","date_gmt":"2022-11-07T07:49:15","guid":{"rendered":"https:\/\/new.igihe.com\/un-climate-conference-opens-in-egypt-in-hopes-to-turn-finance-pledges-into\/"},"modified":"2022-11-07T07:50:13","modified_gmt":"2022-11-07T07:50:13","slug":"un-climate-conference-opens-in-egypt-in-hopes-to-turn-finance-pledges-into","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/un-climate-conference-opens-in-egypt-in-hopes-to-turn-finance-pledges-into\/","title":{"rendered":"UN climate conference opens in Egypt in hopes to turn finance pledges into action"},"content":{"rendered":"<p>During his speech at the opening ceremony, Egyptian Foreign Minister and COP27 President Sameh Shoukry stressed the need to confront the negative effects of climate change during the two-week conference, where more than 120 world leaders will seek possible solutions to climate change challenges.<\/p>\n<p>&#8220;Climate change threatens human life, and the development pattern in the industrial field which is no longer sustainable must be changed because this will lead to dire consequences,&#8221; Shoukry warned.<\/p>\n<p>&#8220;We have witnessed during this year painful events in Pakistan, the African continent and various parts of Europe and America. All these events and the destruction and impact represent a lesson to be learned and alarm all over the planet &#8230; to more precaution, and to act quickly to take all necessary measures as per our commitments and pledges,&#8221; he said.<\/p>\n<p>The COP27 president also underscored the importance of the participation of non-state actors, including the private sector, banks, international finance institutions, civil society, youth associations and indigenous associations, for the sake of an efficient implementation of pledges and commitments.<\/p>\n<p>&#8220;Climate change-related efforts over the past decades were remarkably polarized, which has slowed down progress of the negotiations,&#8221; Shoukry said, adding the pledge to mobilize 100 billion U.S. dollars per year has not yet been honored.<\/p>\n<p>Meanwhile, Alok Sharma, president of COP26 hosted in Glasgow, Scotland, urged unity to keep the 1.5-degree-Celsius goal within reach, highlighting the important role finance will play in this conference.<\/p>\n<p>&#8220;We know that we have reached a point where finance makes or breaks the progress of the program ahead of us,&#8221; he noted.<\/p>\n<p>&#8220;This summit must be about concrete actions and I hope when the world leaders join us today, they will explain what their countries achieved during the last year and how they will go further,&#8221; the British politician said.<\/p>\n<figure class=\"spip-document spip-document-45095 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/20221106f371e4c1da23453686eefd77d56662ab_0f5e54a2-a2b9-4a6e-998f-75e0517869ad.jpg\" alt=\"Photo shows the opening ceremony of the 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) held in Sharm El-Sheikh, Egypt, on Nov. 6, 2022. (Xinhua\/Sui Xiankai)\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{SHARM EL-SHEIKH, Egypt, Nov. 6 (Xinhua) &#8212; The 27th Conference of the Parties of the United Nations Framework Convention on Climate Change (COP27) opened on Sunday in Egypt&#8217;s coastal city of Sharm El-Sheikh in hopes to turn global climate finance pledges into action.}<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[235],"hashtag":[],"class_list":["post-46982","post","type-post","status-publish","format-standard","hentry","category-news","tag-homenews","byline-xinhua"],"bylines":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":80}],"contributors":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":80}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/46982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=46982"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/46982\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=46982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=46982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=46982"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=46982"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=46982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}