Egypt unveils initiative to help poor countries adapt to climate change: COP27 President Sameh Shoukry yesterday launched a plan that envisions channeling bns of USD into the world’s poorest countries by 2030 to help them adapt to the effects of climate change. In an event on the sidelines of the conference, Shoukry announced the publication of the government’s Sharm El Sheikh Adaptation Agenda (pdf), which includes 30 targets to hit by the end of the decade that would improve the resilience of as many as 4 bn people.

It is the “first comprehensive global plan to rally both state and non-state actors behind a shared set of adaptation actions that are required by the end of this decade,” the COP Presidency said in a statement (pdf).

GO DEEPER in this morning’s edition of Enterprise Climate.