We were at COP 27 on climate change to understand the goals and design of actions that will guarantee a new positive economy for people and nature in the coming years. The event, which has been held since 1995, brings together representatives of UN signatory countries and civil society organizations in debates and negotiations on the global challenges of the climate agenda.
That year, the conference took place in Sharm El-Sheikh in Egypt, between November 6th and 18th. The expectation for the event was to take advantage of it to implement effective actions, leaving negotiations and future projects in the background. Despite the important developments, in practice, lengthy and conflicting negotiations took place, making it difficult to plan implementation actions.
At COP 27, we were represented by Heitor Dellasta, Conservation and Climate Finance analyst. He participated in roundtable discussions organized by several countries and organizations, focused on transitions towards low carbon economies that contribute positively to biodiversity. It was an opportunity for dialogue, questioning and negotiation about climate change and its relationship with conservation and society.
About the event
One of the practical results of COP 27 was the establishment of a Loss and Damage Fund that will be financed by the most developed countries for the least developed countries and most vulnerable to the negative impacts of the climate crisis.
The concept of loss and damage corresponds to situations in which countries are no longer able to guarantee mitigation or adaptation, with immediate negative impacts. For Heitor, progress on this issue is the most expressive result of the event.
Another important highlight of the conference was the Korovina Agreement, which recognizes the importance of the issue of agriculture in the context of climate change. This agreement establishes suggestions for practices that reconcile sustainable land use with climate and biodiversity.
Heitor also highlighted the importance of bioeconomy and the union between human development and biodiversity conservation. “If in the past we had a perspective that nature conservation and the climate agenda were obstacles to guaranteeing an increase in the quality of life and improving the well-being of the populations, now the proposal is to guarantee the incorporation of these themes, where the agendas climate change and conservation are seen as drivers of increased well-being and repositioning of the Brazilian economy at an international level”he says.
For the future
COP 27 was a time of improvement for Sitawi. Our positive socio-environmental impact agenda already provides for several measures to restore ecosystems that also consider socioeconomic development, but being on top of global agendas makes all the difference.
In Conservation and Climate Finance, we develop financial solutions to conserve biodiversity and address climate challenges. Therefore, discussing the best solutions for climate change is essential to our work.
We understand that the future needs action now, which is why we are part of the organizations that work towards this goal. Want to know how? Discover our mechanisms Conservation and Climate Finance.
Do you want to know more about our participation in COP 27? Watch full coverage on our Instagram highlights.