COP 27: Improving Targets to limit the Temperature Increase to 1.5 Degree Celsius
The Sharm El-Sheikh Implementation Plan in COP 27 is an advance over Glasgow by improving target efforts to limit the temperature increase to1.5 degrees Celsius.
COP27 reaffirmed their commitment to limit global temperature rise to 1.5 degrees Celsius above pre-industrial levels.
Challenges
Loss and Damage: Developing countries have been seeking financial assistance for loss and damage for nearly 3 decades.
Finance: Transition to a low-carbon development pathway will entail costs, pertaining to the deployment of new technologies, development of new infrastructure, and other transaction costs.
Sustained Reduction: Limiting global warming to 1.50C require rapid, deep and sustained reductions in global greenhouse gas ....
