Calling for restructuring global finance system one of most important outcomes of COP27: Mohieldin

“Calling for restructuring the global finance system to be more fair and efficient in financing developmental and climate action is one of the most important outcomes of COP27 in Sharm El-Sheikh,” the UN Climate Change High Level Champion for Egypt and UN Special Envoy on Financing 2030 Sustainable Development Agenda, Mahmoud Mohieldin, said.

 

Mohieldin stated, during his participation in the briefing session of G-24 on COP27, that financing climate action is the biggest winner in Sharm El-Sheikh conference as it resulted for the first time in efficient plans and initiatives to finance climate action, beside the effective participation of the private sector, and the activation of tools that enhance the developing countries capabilities to finance climate action and reduce depending on debts.