El-Sisi emphasised that people all around the world are working toward the same end and sharing the "one objective and one hope, that same hope we treasure here here." In his speech, he called on world leaders to go further in their efforts to cut emissions and to initiate bold new projects that would motivate all interested parties to contribute financially. He continued, saying that Egypt is now resolved to "boost investments in these critical green areas."
The Egyptian president stressed the importance of maintaining a firm resolve to achieve the aim of limiting temperature increases to 1.5 degrees Celsius or less. In order for poor countries, which are currently bearing the brunt of these challenges, to adopt practical measures to reduce emissions, he emphasised the importance of securing the required finance. In spite of countries bending the global greenhouse gas emission curve downward, efforts are still insufficient to reduce the increase in global temperature to 1.5 degrees Celsius by the end of the century, according to a UN Climate Change assessment released ahead of COP27. Wael Aboulmagd, special representative to the COP27 president, told Reuters that the event's primary focus would be on establishing separate "loss and damage" funds or compensation payments to climate-vulnerable countries currently suffering from climate-related weather extremes.
