Andre Lucas Durigan Sardinha, from Miguel Neto Advogados, provides valuable insights on the global impact of climate change and the outcomes of COP 27, the United Nations Conference on Climate Change held in Sharm El Sheik, Egypt. His analysis highlights the creation of a fund to assist vulnerable countries affected by catastrophic weather events.

We have witnessed worldwide the occurrence of climatic events (floods, droughts, forest fires) and natural disasters that, in addition to claiming thousands of lives and causing destruction of biomes, also contribute to the worsening situation of inequality and social crisis that plague the world.

At the end of last year, between 11/06/2022 and 11/18/2022, the city of Sharm El Sheik, Egypt, hosted COP 27 – United Nations Conference on Climate Change 2022. It aims to bring together world leaders and bring to the agenda a discussion on environmental issues, with the aim of implementing actions and goals to combat climate change and preserve the environment.

As a result of COP 27, the creation of a fund to help vulnerable countries that are suffering from the effects, losses and damages resulting from catastrophic weather events was highlighted on the international scene. The fund may be used, for example, to help families whose homes and livelihoods were affected by weather events. The Transition Committee was responsible for establishing guidelines for implementing the fund and assisting countries in need. Another fund created by COP 27 and worth mentioning is the so-called “African Cities Water Adaptation”, which aims to obtain resources for the supply of drinking water to African cities.

On the other hand, with regard to the target proposed by the Paris Agreement of limiting the increase in global average temperature to 1.5°C by the end of the century, no major advances have been made, including with regard to compliance with the Glasgow Climate Pact celebrated at COP 26, which signaled the need for the signatory countries to strengthen measures to reduce greenhouse gas emissions in order to achieve the goals established for 2030.

The devastating impacts of climate change are increasingly evident, which requires more effective and urgent action to meet the goals established in the signed agreements. It is expected that at COP 28, which will take place in 2023 in Dubai, the achievement of some of the pre-established goals can already be demonstrated, projecting a favorable scenario for the global climate issue.

In conclusion, Andre Lucas Durigan Sardinha’s insightful analysis underscores the urgent need for global action to address climate change and its devastating impacts. Andre’s expertise highlights the need for more effective and urgent action to address climate change and looks ahead to the potential progress that may be achieved at COP 28 in Dubai.