Stockholm Hosts 6th Ministerial on Climate Action

#COP27

Sweden’s Stockholm will host the sixth Ministerial on Climate Action (MoCA6), co-hosted by Canada, the EU, and China, which will kick off on Tuesday with ministers and high-level representatives from numerous countries attending.

Executive Vice-President of the European Commission Frans Timmermans, Canada’s Minister for Environment and Climate Change Steven Guilbeault, and China’s Minister for Ecology and Environment Huang Runqiu will attend the event.

COP26 President Alok Sharma will take part in two key climate events to continue the drive for countries to turn pledges made in the Glasgow Climate Pact into action ahead of COP27 in Egypt.

Sharma will speak in Stockholm later on Tuesday at the Ministerial on Climate Action (MOCA), read a press release.

Sharma will then take part in Stockholm +50, which is organised by the United Nations General Assembly to commemorate 50 years since the 1972 United Nations Conference on the Human Environment, and meet ministers at related side-events.

Egypt will host Cop27 in Sharm el-Sheikh in November. The talks will take place in the shadow of the war in Ukraine, as well as rising energy and food prices around the world, leaving rich countries grappling with a cost-of-living crisis and poor countries struggling with debt mountains.

Most of the world’s biggest economies, and biggest emitters of greenhouse gases, have yet to fulfil the pledges they made at Glasgow last November to strengthen their targets on emissions cuts. Work to turn the pledges of climate finance from rich countries into projects on the ground helping poor countries has also been slow.

Rania Al Mashat, Egypt’s minister for international cooperation, said: “For us, what we want this Cop[27] to be about is moving from pledges to implementation. And we want to highlight what are the practical policies and practices, the processes that can actually push the pledges [into action], to bridge that gap.”

She added: “We want this Cop to be about the practicalities: what is it that we need to do to operationalise the pledges into implementation?”

Some countries have difficulty gaining access to finance, she noted, and that must be addressed with new ways of “de-risking” finance, to attract private sector investors. This could be done through governments providing guarantees or other assurances to private lenders, or co-investing with them

 

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