Rwanda welcomes COP27 outcomes on climate damages fund and keeping 1.5 degree goal alive
The Government of Rwanda has welcomed the outcomes of the 27th United Nations Climate Change Conference, known as COP27. At the meeting, nations agreed on the Sharm El-Sheikh Implementation Plan which establishes a dedicated fund to provide financial support to the countries most vulnerable to climate change, and reaffirmed the shared commitment to limiting warming to 1.5 degrees Celsius. The decision was reached in the early hours of Sunday morning after weeks of difficult negotiations between all nations of the world.
“The world has agreed to create a fund to support countries like Rwanda when we face losses and damage from extreme weather disasters due to climate change. Rwanda welcomes this important outcome, and we look forward to seeing developed nations quickly reduce their emissions to limit warming to 1.5 degrees Celsius. At COP27, we were also pleased to advance our partnerships, launch a number of strategic initiatives and position Rwanda as an ideal destination for green investment,” said Rwanda’s Minister of Environment, Dr Jeanne d’Arc Mujawamariya.
Other important decisions taken at COP27 include:
At COP27, Rwanda called for more ambitious climate action and shared the country’s green investment opportunities. The delegation launched a number of initiatives that will shape the future of climate action and the sustainable finance ecosystem in Rwanda, as well as enable the private sector to play a greater role in climate action. These include:
Rwanda also signed and agreed on a number of memorandums of understanding at COP27 including:
In addition, during the annual Members Forum of the NDC Partnership held on the sidelines of COP27, Rwanda became co-chair of the NDC Partnership alongside the United Kingdom - a role it will hold for the next two years. Learn more about the NDC Partnership here.
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