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COP27: Day 9

By Climate Champions | November 16, 2022

Nature is the planet’s greatest asset. Not just for its beauty, but the fact it’s integral to our survival.

Only by taking urgent action to halt and reverse the loss of nature this decade, can we hope to achieve the promise of the Paris Agreement. Since COP26, approximately USD 11 billion has been committed towards activities that support restoration and conservation of nature, including via the Forests Climate Leadership Partnership and AFR 100. But in reality trillions of dollars must shift from financing nature-depleting activities towards financing nature-positive activities.

Looking ahead to next month’s UN Biodiversity Conference, the message on Biodiversity Day is clear – we must do more to recognise nature’s fundamental role as part of the climate solution and catalyze concrete measures to protect and restore it.

Today’s Key Announcements

The COP27 Presidency launches the Enhancing Nature-based Solutions (NbS) for Climate Transformation (ENACT) in collaboration with the International Union for Conservation of Nature (IUCN). The aim is to drive collective action across climate, biodiversity and desertification to help close the finance gap for nature-based solutions. ENACT will serve as a hub for government and non-State actors to foster collaboration, accelerate action, facilitate policy dialogue and bring global coherence to activities. The partnership will ensure adherence to the NbS Global Standard.
The recently launched High-Quality Blue Carbon Principles and Guidance outlines what’s needed to create high-quality blue carbon projects and credits to ensure accountability, sustainability, and transparency in the marketplace. This is in response to the growing demand for blue carbon credits which has attracted many new actors. Coastal blue carbon ecosystems are valued at over USD 190 billion per year and are estimated to reduce costs associated with impacts such as flooding by over USD 65 billion annually.
Launch of Beat the Heat: Nature for Cool Cities Challenge. Cities in developing countries are invited to participate in the challenge by pledging to increase nature based solutions in their urban areas by 2030 and demonstrate tangible progress by 2025. Participants will be supported via funding, technical assistance, partnership opportunities, and communications support.
Belgium, Colombia, Germany, Ireland, Japan, the Netherlands, Norway, the UK and the US join the Global Offshore Wind Alliance (GOWA). The Alliance aims to be a global driving force for the uptake of offshore wind by bringing together governments, international organisations and the private sector to close the emissions gap and enhance energy security. The Alliance was founded at COP26 by Denmark, the International Renewable Energy Agency (IRENA), and the Global Wind Energy Council (GWEC).
The Sustainable Aviation Fuels (SAFs) Offtake Pocket Guide is launched by the World Economic Forum’s Clean Skies for Tomorrow initiative and the Sustainable Markets Initiative. The guide explains how businesses can help to decarbonize aviation by purchasing SAF for their corporate travel in order to signal demand and leadership while other business cases and long-term policy are developed. Leading companies and governments have set the goal for SAF to meet 10% of aviation’s fuel needs globally by 2030.

GLOBAL CLIMATE ACTION EVENTS SCHEDULE FOR MORE INFORMATION AND WEBCAST, ACCESS HERE

Marrakech Partnership Oceans and Coastal Zones Action Event, Implementing Ocean-Based Climate Action to Build Coastal Adaptation and Resilience

Location: Action Room 1 (Ibis)

Time: 10:00 – 12:00

Marrakech Partnership Implementation Lab, Engineering the Vision for Climate Resilient Transport

Location: Action Room 2 (Lotus)

Time: 10:30 – 12:00

Marrakech Partnership Transport Action Event Location: Action Room 1 (Ibis)

Time : 12:30 – 14:30

Marrakech Partnership Implementation Lab, Building Resilient Infrastructure along the Coast

Location: Action Room 2 (Lotus)

Time : 13:00 – 14:30

Futures Lab, Restructuring the Law For a Net Zero Future Location: Climate Action Stage, Innovation Zone

Time : 13:00 – 14:30

2030 is Today: How can we halve the emissions of the built environment by 2030?

Location: Buildings Pavilion

Time : 13:30 – 16:30

Marrakech Partnership Implementation Lab, Blue Carbon Implementation Lab

Location: Action Room 2 (Lotus)

Time : 15:00 – 16:30

Futures Lab, Repairing Our World, to Avoid Runaway Climate Change

Location: Nature Zone, Area C

Time : 16:00 – 17:30

Pre-register here

Watch livestream here

Marrakech Partnership Implementation Lab, A climate smart, equitable and resilient Maritime Sector

Location: Action Room 2 (Lotus)

Time : 17:00 – 18:30

Pre-register here

EXPLORE COP27

The Ocean Pavilion

For the first time, the ocean is taking centre stage inside the COP Blue Zone. The Ocean Pavilion brings together world leaders in ocean science, engineering, and policy to carry the message that the ocean matters to everyone, everywhere and that science must lead the way in our quest for safe, long-term solutions to

climate change. A full programme of events is here

The Children and Youth Pavilion

For the first time ever at a UNFCCC Conference, children and young people have a dedicated space at COP27 alongside world leaders, ministers, prominent non-State actors and other delegates. Designed to amplify children and youth voices within global climate policymaking, the COP27 Children and Youth Pavilion is entirely led by young people and has been co-created and run by influential child and youth networks. A full programme of events is here.

The Resilience Hub: Showcasing Resilience Solutions Everyday

The Resilience Hub continues to deliver on its mandate to elevate the knowledge of front line leaders and demonstrate locally-informed resilience solutions which can be implemented at scale. Click here for the full agenda. The Hub is accessible in-person in Area C and virtually here.

Voces indígenas en la COP28: “Imploramos a toda la humanidad que se una con un objetivo único: declarar, ‘Ya es suficiente'”

Tres miembros de la Delegación de la Comunidad de Primera Línea (FCD), María Pedro de Pedro, Briseida Iglesias López de Guerrero y Maricela Fernández Fernández, arrojan luz sobre las realidades urgentes enfrentadas por quienes están más directamente afectados por el cambio climático. Sus historias revelan no sólo los desafíos, sino también la resiliencia y las soluciones encontradas dentro de las comunidades de primera línea.

Nature & Land Use

Indigenous voices at COP28: “We implore all of humanity to unite with a single objective: to declare, “Enough is enough”

Three members of the Frontline Community Delegation (FCD), Maria Pedro de Pedro, Briseida Iglesias Lopez de Guerrero, and Maricela Fernández Fernández, shed light on the urgent realities faced by those most directly impacted by climate change. Their stories reveal not only the challenges but also the resilience and solutions found within frontline communities.

Nature & Land Use

How the real economy is converging to put nature at the heart of the Race to Zero

The High-Level Champions, as part of our Nature-Postive for Climate Action campaign, are calling on companies, cities, financial institutions, and regions to integrate nature in their climate transition plans and to invest in NbS in line with the nature criteria and leadership practices of Race to Zero.

Nature & Land Use

Nature’s critical role in the climate fight must be recognized

If we fail to address the crucial links between the climate crisis and nature loss, we jeopardize the future wellbeing and prosperity of people and planet, argues Dr Kirsten Schuijt, Director General, WWF International.