The Just Energy Transition Plan was presented at CoP27, event helds these days in Egypt. It is an 8.5 billion dollar plan to switch from coal to green energy supported by South Africa, the United Kingdom, the USA, France, Germany and the European Union, also considered valid for reducing emissions of greenhouse gases in other developing nations.
Ursula Von der Leyen, President of the European Commission, explained: "Every kilowatt hour of electricity we produce from solar, wind, green hydrogen or other renewable energies is not only good for the climate, but gives us independence and security of supply.
world has resources in abundance. This is why the European Union is signing new hydrogen partnerships with Egypt, Namibia and Kazakhstan. This is why they are supporting partners like Vietnam and South Africa to decarbonise their economies.
For the second consecutive year we have surpassed the 23 billion euros, despite the Covid pandemic and despite the war in Ukraine, and a large part of our climate finance is already going to adapt poorer."
CoP 27, here is Just Energy Transition Plan
President of Sri Lanka, Ranil Wickremesinghe, told: "Colonialism has extracted resources from Asia and Africa to fuel industrialization in rich nations.
We have become poor as a result of this plunder." The Egyptian COP 27 in Sharm el-Sheikh, which began on 6 November, will run until 18 and will see the participation of two hundred delegates from as many countries. There are two main objectives: to limit global warming to 1.5 ° C, a company that no one can guarantee today and, year after year, is less and less at hand, and to respond to the needs of communities that already today suffer a lot of impacts serious, both in terms of financing for mitigation and adaptation interventions, and with an ad hoc financial structure for the losses and damage caused by climate change. On the second objective, in this particular historical moment, the greatest hopes are placed.