Mahmoud mohieldin, Former Minister of Investment of Egypt

New Delhi, Oct 6 Emphasis on a holistic approach to climate action encompassing the principles of sustainable development will be a key area of focus at the upcoming UN climate change summit named COP27 in Egypt, UN Climate Change High-Level Champion for the UNFCCC, Mahmoud Mohieldin, said on Thursday.Interacting with researchers at the field station of The Energy and Resources Institute (TERI), Mohieldin underscored the need to place sustainable development as a core issue in climate action particularly since it has been sidelined from the climate agenda."The issue of sustainability has been, to some extent, hijacked in terms of priorities by some of the advanced economies. They reduced sustainability to mean only climate action, or they took it from a very narrow perspective to mean only decarbonisation and dealing with emissions," observed Mohieldin.While decarbonisation continues to be a pressing issue, the UN Climate Change High-Level Champion said developing economies need to address climate action efforts through a more holistic approach."That holistic approach doesn't just mean getting the Paris Agreement operationalised, but to put it in terms of the sustainable development agenda, which means fighting poverty, getting investment in human capital properly, health and education. There is no use of climate action effort that would result in more poverty or more unemployment," he added.Addressing the issue of climate finance for developing countries and the promise of $100 billion for climate action from developed countries which continues to be unfulfilled, he said while the commitment is a moral issue, developing countries need to be innovative in their approach to climate finance."We still insist on that ($100 billion) as it is very important as a token of trust," he added.Mohieldin lauded India's efforts in addressing the issue of climate finance through domestic mobilisation, partnerships with the private sector and encouraging foreign direct investment.Touching upon the issue of mitigation, adaptation, and loss and damage, he added: "It is not fair for countries that have been victims to high emissions to be asked to borrow more for mitigation and adaptation."Mohieldin was accompanied by Wael Mohamed Awad Hamed, Ambassador, Embassy of the Arab Republic of Egypt, during his visit to TERI Gram in Gurugram where he interacted with distinguished fellows and researchers who briefed the Egyptian delegation about TERI's activities on climate change and those related to COP27, including the COP27 Compass under the Act4Earth initiative that was launched at the World Sustainable Development Summit 2022.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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