COP27: UNFCCC expands Climate mechanism
Shortly before the end of the climate negotiations in Sharm El-Sheikh, the Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) together with the United Nations Environment Programme (UNEP) announced the continuation of their joint program to promote technology in the climate sector. The project period has been extended to the years 2023 to 2027. The so-called UNFCCC Climate Mechanism combines the work of the Technology Executive Committee (TEC) and the Climate Technology Center & Network (CTCN). The work is also supported by various governments. U.S. climate envoy John Kerry, for example, pledged funding. "The UNFCCC Technology Mechanism is galvanizing action in this decisive decade through smart technology solutions for climate resilience and mitigation" Kerry said. The European Union is also among the sponsors of the work.
Official negotiations regarding the COP27 final agreement are drawing to a close. The official end of the conference was set for today, November 18. However, it’s more than likely that the COP will be extended. UN Secretary-General Guterres has therefore arrived back in Sharm El-Sheikh to insist on a positive outcome of the negotiations.