The committee is concerned with financing arrangements pertaining to loss and damage through the fund founded during COP 27 to fulfill that purpose.
They met Monday on the sidelines of Abu Dhabi Sustainability Week.
The most important and historic announcement was the establishment of a long-awaiting Loss and Damage Fund to provide financial aid to the most vulnerable countries to climate change impacts.
The meetings, facilitated by the Centre for Multilateral Negotiations (CEMUNE), discussed the “current situation in Ukraine, high energy prices, and predicted economic recession,” said the COP 27 Communication center in a statement on Friday.
President Designate of COP 27, who is also Egypt's minister of foreign affairs, Sameh Shokry held talks Wednesday with the NGOs admitted by the United Nations Framework Convention on Climate Change (UNFCCC).
Executive Vice President of the European Commission Frans Timmermans said the participation of world leaders in COP27 is a key opportunity for bringing forth and carrying out new ideas toward enhancing new and renewable energy sources usage.
Egypt has officially been selected to host the UN Climate Change Conference in November 2022 (UNFCCC COP 27) after years of significant work on countering climate change.
Syria has officially signed up to the Paris Agreement, the UN announced on Tuesday.
Red Sea Governor Ahmed Abdallah said the governorate will set up the first environment-friendly parking lot in Hurghada.
Paris Agreement was the first pact to commit all nations to limiting global warming caused by emissions from burning coal, oil and gas.