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‘Greenprint for Chennai’ report launched at CoP 27

  • November 16, 2022
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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‘Greenprint for Chennai’ report launched at CoP 27

Subject : Environment

Context: The Union Minister for Environment, Forests and Climate Change, Bhupender Yadav, today launched a report titled ‘Greenprint for Chennai – Integrating Natural Infrastructure in City Planning’, at the COP27 international climate conference currently underway here.

Concept:

  • The report has been prepared by The Nature Conservancy (TNC), an environmental advocacy body based in the US.
  • It has its presence in India since 2017.
  • TNCis the leading conservation organization working to make a positive impact around the world in more than 76 countries and territories.
  • Founded in 1951, the mission of The Nature Conservancy is to conserve the lands and waters on which all life depends.
  • The Greenprint report ends in a bunch of recommendations such as,
    • Creation of new wetlands
    • Restoration of existing wetlands where urbanization is projected to increase.
    • Creation of Water Fund
  • Water fund: A water fund is a governance and finance mechanism that improves water security by allowing downstream water users to invest collectively in upstream water and land conservation.

About CoP 27 Conference: 

  • Egypt’s coastal city of Sharm el-Sheikh is hosting the 27th session of the Conference of Parties (COP27) of the United Nations Framework Convention on Climate Change (UNFCCC) from 6 to 18 November 2022.

Background :

  • The CoP comes under the United Nations Climate Change Framework Convention (UNFCCC) which was formed in 1994.
  • The UNFCCC was established to work towards “stabilisation of greenhouse gas concentrations in the atmosphere.”
  • The UNFCCC has 198 parties including India, China and the USA. COPmembers have been meeting every year since 1995.

Key agenda of the COP27

 Loss and Damage Funding

  • The term ‘Loss and Damage’ refers to the economic and non-economic impacts of climate change, including extreme events in countries that are particularly vulnerable to the adverse effects of climate change.
  • Rich countries, historically responsible for the climate crisis, have bullied poorer nations to protect polluters from paying up for climate damages.
  • The term was brought up as a demand in 1991 by the island country of Vanuatu, which was representing the Alliance of Small Island States (AOSIS).

Major initiatives announced in the COP 27 meeting:

International Climate Change University:

  • The President of Sri Lanka Ranil Wickremesinghe has proposed to set up an international climate change university in Sri Lanka, with an ancillary institution in the Maldives.
  • It was reiterated that Sri Lanka and Maldives as island nations are vulnerable to the adverse impacts of climate change.

UAE-Egypt Deal:

  • The United Arab Emirates (UAE) and Egypt have struck a deal on the sidelines of the summit to develop one of the world’s largest wind farms.
  • Once completed, the 10 GW onshore wind project in Egypt will produce approximately 47,790 GWh of clean energy annually.
  • This would offset nearly 9% (23.8 million tonnes) of Egypt’s current carbon dioxide emissions.

Infrastructure Resilience Accelerator Fund

  • IRAF, a multi-donor trust fund of 50 million dollar is launched by Coalition for Disaster Resilience Infrastructure.
  • It is established with the support of United Nations Development Programme (UNDP) and United Nations Office for Disaster Risk Reduction (UNDRR), will be managed by the United Nation Multi-Partner Trust Fund Office (UN MPTFO) in New York.

India’s Participation in COP27:

  • The Environment Minister of India Shri Bhupender Yadav is leading the Indian delegation to COP-27.
  • India would press developed countries to fulfil their commitment to delivering $100 billion of climate finance annually.
  • It would also press for enhanced transparency and more institutional mechanisms to make these funds available to developing countries that are most vulnerable to climate change.
‘Greenprint for Chennai’ report launched at CoP 27 Environment

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